Jet fuel supplier hid derivatives losses; CEO jailed 4 years 3 months
China Aviation Oil (Singapore) Corporation Ltd · SGX-listed jet fuel supplier
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
Third-party confirmation
Counterparty confirmations would show open derivative positions and mark-to-market losses.
Can mislead when: Counterparties can collude or ignore requests. A non-response is logged as a gap, never as a pass.
Governance signals
A sole executive director with no independent control over trading would show.
Can mislead when: Private companies file late, so these signals are lagging. Kubr uses them to support other flags, not to prove anything alone.
Regulatory & litigation records
Exchange and regulator records would show the later special audit and criminal case.
Can mislead when: Court records lag and name spellings vary. A clean record can mean the problem has not reached court yet.
Where Kubr services would have helped
Verified Snapshot
Offered in India- C8 Exchange and regulator records would show the later special audit and criminal case.
- C11 A sole executive director with no independent control over trading would show.
Legal diligence support
Offered in India- C8 Exchange and regulator records would show the later special audit and criminal case.
- C11 A sole executive director with no independent control over trading would show.
Promoter profiles
Offered in India- C8 Exchange and regulator records would show the later special audit and criminal case.
- C11 A sole executive director with no independent control over trading would show.
IC note
Offered in India- C8 Exchange and regulator records would show the later special audit and criminal case.
- C11 A sole executive director with no independent control over trading would show.
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.