Idemitsu books $36 million loss in first quarter on remittance fraud at Hong Kong unit

TOKYO (Reuters) – Japanese oil refiner Idemitsu Kosan Co booked a special loss of 3.8 billion yen ($36 million) because of a remittance fraud at a Hong Kong unit in the April-June quarter, Yoshitaka Onuma, the general manager of the finance department, said on Thursday.

He declined to give details, saying authorities were investigating. ($1 = 105.6600 yen)

Idemitsu Kosan

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