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Mitsubishi Corp investigates $320m loss by alleged rogue trader

Losses stem from unauthorised trading in crude oil derivatives, according to the Japanese trading house

Mitsubishi Corporation has said an alleged rogue trader lost $320m on unauthorised crude oil derivatives trades, causing the Japanese trading house to launch an investigation and notify police.

The company said on September 20 that it has dismissed the employee and filed a police report. The employee was not identified.

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