UPDATE 1-S'pore SembMarine ex-CFO says forex trades authorised

Reuters
12th Feb 2008
By Kevin Lim

SINGAPORE, Feb 12 (Reuters) - Foreign exchange trades that lost Singapore's SembCorp Marine (SCMN.SI: Quote, Profile, Research) more than $300 million were made with the proper authority, the company official who made the bets said ahead of a court battle between SembMarine and BNP Paribas (BNPP.PA: Quote, Profile, Research) over part of the losses. >>>> More