CIMB alleges 'suspicious' Hontop Energy oil deals with BP: affidavit

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[SINGAPORE] Singapore's High Court has appointed an independent supervisor to oversee the restructuring of trader Hontop Energy. Read more at The Business Times.

Accounting firm RSM Corporate Advisory Pte Ltd has been named interim judicial managers following the bank's application, according to CIMB's law firm Rajah & Tann and the affidavit.

RSM did not respond to a request for comment. CIMB said it does not disclose or comment on specific names or clients. BP declined to comment. Freshfields Bruckhaus Deringer, BP's legal representatives, did not respond to a request for comment.

 

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