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CAO's Ex-CEO Sentenced in Singapore
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Chen Jiulin, the former chief executive officer (CEO) of China Aviation Oil (CAO), was sentenced to four years and three months in jail and a fine of 335,000 Singapore dollars (about US$207,443) in a subordinate court in Singapore on Tuesday.

 

CAO lost US$550 million in derivatives trading in 2004.

 

(Xinhua News Agency March 21, 2006)

 
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