Petroplus Disputes Bankruptcy Fraud Allegations
A public prosecutor in France has opened a formal investigation into the bankruptcy, according to Petroplus. The probe centers on suspicions that a bank account of Petroplus-France was improperly stripped of some funds.
Petroplus said the transactions were legal and were not performed by the company.
"At the opening of business on Jan. 23, 2012, the total balances on bank accounts...
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