TOKYO/SINGAPORE (Reuters) – Mitsubishi Corp, Japan’s biggest trading house by revenue, said on Friday a trader at its Singapore-based unit has lost $320 million through unauthorised transactions in crude oil derivatives, and the matter has been reported to the police. The announcement is a blow for the Japanese trading company, which invests in everything from salmon to natural gas and trades many commodities around the world. It is the first loss of its kind in Mitsubishi’s history, a company spokesman told Reuters.

source https://finance.yahoo.com/news/mitsubishi-says-singapore-based-oil-040120663.html?.tsrc=rss