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Mitsubishi loses $90M due to fraud by Chinese copper trader; highlights need for stricter oversight.
Mitsubishi Corporation has faced a $90 million loss due to suspected fraud by a copper trader in China.
The trader, Gong Huayong, made unauthorized transactions with local companies, some linked to him.
Mitsubishi dismissed Gong and filed a criminal complaint, collaborating with authorities.
This incident is part of a series of trading scandals affecting major commodity trading firms, highlighting the need for stricter oversight.
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Mitsubishi pierde $90M debido al fraude del comerciante chino de cobre; destaca la necesidad de una supervisión más estricta.