ING Alleges Father-Son Fraud After Commodity Firm Collapses

  • MUFG, Natixis among banks owed money by Agritrade: filing
  • ING alleges Agritrade’s predicament due to ‘massive’ fraud
Photographer: Brent Lewin/Bloomberg
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Lenders have accused a Singapore commodities firm of fraud after a debt default left them facing potential losses on $600 million of liabilities.