A Danish public prosecutor is requesting a jail sentence to be brought upon Keld R. Demant, the Group CEO of Bunker Holding, as well as fines to be imposed on Bunker Holding and subsidiary Dan-Bunkering for selling jet fuel to Russian companies which eventually reached Syria, reports Danish publication DR on Wednesday (18 November).
Denmark’s Public Prosecutor for Special Economic and International Crime (SØIK) in early November charged Bunker Holding and its subsidiary Dan- Bunkering, together with Demant, for selling jet fuel to Russian companies, following which, delivered the jet fuel to Syria.
SØIK alleges Dan-Bunkering 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.
At present, the state public prosecutor accused Bunker Holding and Demant for participating in eight of the trades despite Demant having a “certain presumption” that the jet fuel would be going to Syria.
According to the indictment seen by DR, the prosecution believes that Demant “failed to stop” the transactions even though he had a “certain suspicion” about its ongoings.
The charges will be brought under Section 110c(2) of the Criminal Code which carries a maximum jail term of four years.
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
Published: 19 November, 2020
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