SINGAPORE -- Indonesia's Supreme Court has overturned the acquittal of Singapore-based Wilmar International, finding the agribusiness giant guilty of corruption in a case linked to cooking oil export permits during a shortage of palm oil four years ago.
Crime
Singapore's Wilmar guilty of corruption in Indonesia palm oil case
Shares of SGX-listed agribusiness giant open 3.5% lower on Friday
Oil palm plantation workers in Riau province, Indonesia: The country's Supreme Court convicted Singapore-based agribusiness Wilmar and two others of corruption related to palm oil exports. © Reuters
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