Denmark’s Public Prosecutor for Special Economic and International Crime (SØIK) on Wednesday (11 November) charged a Danish holding company and its subsidiary, together with a director of one company, for selling jet fuel to Russian companies, following which, sent the jet fuel on to Syria.
SØIK said the Danish company sold about 172,000 metric tonnes of jet fuel to Russian companies over a series of 33 trades between 2015-2017, which is in violation of EU sanctions against Syria.
The transactions had a total value of DKK 647 million kroner (USD 102.4 million) and were delivered to various locations around the Mediterranean and eventually reached an unknown recipient in Port Banias, Syria.
“It is our assessment that the dealings with the Russian companies are a violation of EU sanctions,” said Per Fiig, acting public prosecutor at SØIK.
“It is of course a very serious case if a Danish company violates EU sanctions that have been imposed on another country on the basis of a very critical and serious situation.”
The case has been raised as a violation of the Penal Code §110 c and will be brought before the Court in Odense, said SØIK.
Reports alleged Bunker Holding and subsidiary Dan-Bunkering to be companies subjected to charges from SØIK.
Singapore bunker publication Manifold Times has contacted Dan-Bunkering regarding the above allegations and has not yet received an official response.
Allegations against Dan-Bunkering for supporting the Syrian war by delivering jet fuel to Russian fighter aircraft first surfaced in 2019.
At the time, Dan-Bunkering issued a statement to Manifold Times outlining reasons why the case should be closed as “everything has been investigated”.
Related: Dan-Bunkering: Everything has been investigated – the case should be closed
Related: Name ban on parties involved with Dan-Bunkering Syrian jet fuel deal lifted
Related: Dan-Bunkering Middelfart office searched by commercial crimes police
Related: Firm linked to alleged Dan-Bunkering Syrian war activities under sanction
Related: Update: Dan-Bunkering Syria jet fuel supply ops allegedly longer than thought
Related: Dan-Bunkering faces preliminary charges by SOIK with violation of EU Syria sanctions
Related: Investigations on Dan-Bunkering over alleged Syrian jet fuel deal start
Related: Danske Bank casts doubts on Dan-Bunkering reason for Syria investigation
Related: Danske Bank reported Dan-Bunkering to police in EU sanctions case
Related: Bunker company acknowledges flawed statement in EU sanctions case
Related: Unioil Supply dragged into Dan-Bunkering sanctions allegations
Related: Dan-Bunkering has not violated EU’s sanctions against Syria, it insists
Related: Nordea highlights stance on compliance after Dan-Bunkering discovery
Related: Danish media alleges Dan-Bunkering jet fuel deliveries during Syria war
Photo credit: guillaume-perigois
Published: 12 November, 2020
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
Maureen Poh, a Director of Helmsman LLC, offers plain practical tips on the differences between US and EU Sanctions and shares some thoughts on what companies could do if they are potentially exposed to sanctioned entities.
‘We [Consort Bunkers] have the opinion that the bunker business in Singapore is not related to the widely reported earlier cargo commodity trading mishaps,’ company source tells Manifold Times.