Singapore tycoon Oei Hong Leong is suing Goldman Sachs International over losses he made trading currencies.
He claims claimed Goldman Sachs International misled him into making currency trades that ended up costing him more than ¥3 billion (SGD 38 million)
  • The trades were in yen against the Brazilian real
  • Instigated a short yen / long real on May 15
  • By June 13 he’d met 6 margin calls to top us his account
  • Closed out of the trades in June 17 with the loss
Mr. Oei’s court document said he had relied …
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