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China Aviation report "escalating", ready soon

Global consulting firm PricewaterhouseCoopers (PWC) has denied reports that claim a draft investigation report into the China Aviation Oil (CAO) trading scandal has been released to Singapore stock exchange SGX and to CAO itself.

According to PWC spokeswoman Jean Low in Singapore, no report has yet been released. Low says the investigation is ongoing - “the quantity of work has escalated”, she said, and the final report will be “much larger than expected”.

Low said the first people to see the report will be PWC clients – SGX and CAO. She added that the report would be ready “quite soon” but would not specify a time scale. When asked if it would be weeks or months, Low declined to comment further.

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