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Sunday, August 20, 2017

Denmark Charges Former OW Bunker Manager with Fraud

July 13, 2017

File photo: OW Bunker

File photo: OW Bunker

Denmark's general prosecutor said on Thursday it had charged a former Singapore unit manager of Denmark-based OW Bunker with fraud.
 
The prosecutor said the former manager, a Danish citizen, has been charged with committing fraud of agent for more than 800 million Danish crowns ($122.79 million) by granting credit outside his mandate.
 
The prosecutor also said it did not find legal grounds for criminal prosecution of other management members within the OW Bunker group, the world's biggest marine fuel supplier before it went bankrupt in 2014.
 

Reporting by Stine Jacobsen 

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