Banque de Commerce et de Placements SA (BCP) sued China Aviation Oil over a $19 million fraudulent deal. BCP gave ZenRock Commodities Trading Pte Ltd a credit letter to purchase 260,000 barrels of oil from CAO. However, Zenrock planned to sell the barrels to PetroChina International (East China) Co. Ltd. instead. BCP had paid CAO $19 million after the company showed documentation indicating that the cargo had been loaded onto an oil tanker in Malacca in Malaysia where Zenrock was responsible for its delivery. BCP claims that CAO has made false representations, thus also claiming that CAO “had acted in breach of the letter of credit”. BCP is now claiming damages with interest on top of the original amount it had paid for the cargo. CAO denies all allegations and claims that the cargo was in fact shipped from Malacca on 27 January 2020 abroad the Vietnam-flagged tanker, Petrolimex 18. It also had received payment from the letter of credit's bank, which is not BCP. Implications with Hin Leong Lim Oon Kuin, founder Hin Leong, had instigated an employee to forge documentation issued by UT Singapore Services Pte Ltd to show that Hin Leong had transferred one million metric tons of Fuel Oil and Gas Oil and more to China Aviation Oil between June 2019 and March 2020. These documents were allegedly used to obtain US$484,489,067.43 from a financial institution. Lim Oon Kuin conspired with another Hin Leong employee to forge 8 Certificates of Quality from Amspec Testing Services Pte Ltd, which shows that samples of oil had been retrieved and tested. These certificates were then sent to CAO to show that independent testing had been carried out to certify the quality of the oil that was purportedly sold by Hin Leong to CAO. Lim Oon Kuin also instigated another Hin Leong employee to forge three documents which were supposedly issued by UT Singapore Services Pte Ltd. It claimed that 167,000 Metric Tons of Gasoil were transferred from Hin Leong to CAO. References External links Official website Companies listed on the Singapore Exchange Companies established in 1993 Chinese companies established in 1993