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 SINGAPORE (AP) - The suspended chief executive of China's main jet fuel supplier and four other company officials were charged Thursday with insider trading, false statements and other crimes linked to risky oil trades that pushed the company to the brink of bankruptcy last year.
Chen Jiulin, who was arrested Wednesday, was charged with a total of 15 counts, including forgery, insider trading and failure to disclose losses of China Aviation Oil (Singapore) Corp.
Each of the 10 charges of making false statements carries a maximum sentence of seven years in jail and a fine of 250,000 Singapore dollars ($150,000).
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