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A rogue trader lost $320 million on wrong-way oil bets, prompting Mitsubishi to fire the person and alert police
  • A rogue employee at a unit of Mitsubishi Corporation used unauthorized trades to bet on oil markets.
  • Petro-Diamond Singapore, a Mitsubishi Corporation unit, "expects to book a loss of approximately $320 million from its trade of crude oil derivatives."
  • The company discovered the trades in August and this week fired the employee and alerted police in a complaint.  
  • Watch oil trade live.



Full "The Business Insider: The Money Game" article




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