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BP sued for alleged part in Hin Leong case

The Bank of China has sued oil firm BP in Singapore for its alleged role in the case of trader Hin Leong, which collapsed after fraud accusations against its founding family. The move is an attempt to recover creditors' lost money, writes Bloomberg News.

Photo: JASON LEE/REUTERS / X01757

Oil firm BP's Singapore branch is sued by the Bank of China for its alleged role in the case surrounding collapsed trader Hin Leong.

The move is an attempt to recover money spent by creditors, writes Bloomberg News. BP denies the bank's allegations and states – without elaborating – that the company will defend itself.

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