SINGAPORE: The former chief financial officer of commodity firm Agritrade International was charged in court on Friday with 12 more counts for allegedly deceiving seven financial institutions of US$359 million , the police said.
The total sum involved in the 12 charges amounted to US$359 million in drawdowns from credit and loan facilities, the police said. This resulted in the bank disbursing US$19.9 million to a supplier of Agritrade International in October 2019.
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