• Follow Us On Our Preferred Social Media Platform:

Bunker Holding ‘surprised’ at fuel sale charge; maintains ‘full confidence’ in Group CEO

20 Nov 2020

Danish company Bunker Holding on Thursday (19 November) issued an official response to Singapore bunker publication Manifold Times in regard to Danish state prosecutor pressing for custodial sentence for its group CEO Keld R. Demant over alleged EU sanction breaches.

The state public prosecutor accused Bunker Holding and Demant for participating in the trades despite Demant having a “certain presumption” that the jet fuel would be going to Syria. 

The statement from Bunker Holding in its entirety is as follows: 

We consider the charges against Keld R. Demant solely as a consequence of his function as overall responsible for Bunker Holding and as Chairman of the Board for Dan-Bunkering. Keld R. Demant has not been involved in the trades in question and therefore he cannot be held responsible for them. Furthermore, we firmly believe that the company has not violated any EU-sanctions.

We have reviewed all the material in the case and we are surprised that formal charges have been pressed against the company in this case, particularly against Keld R. Demant.

Though we would have preferred that the case had not come to this, we look forward to a fair and impartial ruling. The company continues to have full confidence in Keld R. Demant in his role as CEO of Bunker Holding and Chairman of the Board at Dan-Bunkering.

Related: Danish prosecutor proposes jail sentence for Bunker Holding Group CEO over jet fuel sale
Related: Bunker Holding & Dan Bunkering allegedly charged over EU sanctions violations
Related: Dan Bunkering ‘surprised’ SØIK has pressed charges over alleged EU sanction violations
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: Bunker Holding AS
Published: 20 November, 2020

Related News

Featured News

Our Industry Partners

  • argus

PR Newswire