KPMG Services Pte Ltd, liquidators of former international bunker trading firm Dynamic Oil Trading (Singapore) Pte Ltd (DOT), on Tuesday (20 October) published a notice in the Government Gazette notifying DOT’s intention to declare its first interim dividend to unsecured creditors.
The details in the notice are as follows:
| Name of Company | Dynamic Oil Trading (Singapore) Pte. Ltd.
(In Creditors’ Voluntary Liquidation) |
| Address of Registered Office | 16 Raffles Quay #22-00
Hong Leong Building Singapore 048581 |
| Last Day for Receiving Proofs | 3 November 2020 |
| Name of Liquidators | Bob Yap Cheng Ghee
Tay Puay Cheng |
| Address of Liquidators | c/o KPMG Services Pte Ltd
16 Raffles Quay #22-00 Hong Leong Building Singapore 048581 |
DOT, a subsidiary of O.W. Bunker, was incorporated in Singapore in August 2012 and filed for liquidation in November 2014.
Lars Moller is the former CEO of DOT; he was found by the Court of Aalborg in Denmark to be guilty of several criminal codes in May 2018 and sentenced to a prison term of one year and six months.
The jail term was later increased to five years due to fraud of “a particularly serious nature” after a failed appeal by Moller.
Related: Singapore: O.W. Bunker A/S stakeholders take Deloitte & Touche LLP to court over alleged negligence
Related: Danish Business Authority finds fault with OW Bunker auditors
Related: O.W. Bunker verdict: Prison sentence for Lars Moller
Related: OW Bunker: High Court explains reviewed judgement of Lars Moller
Photo credit: Manifold Times
Published: 22 October, 2020
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‘MPA had immediately contacted the relevant bunker suppliers to take necessary steps to ensure that the relevant batch of fuel was no longer supplied. Further investigations are currently on-going,’ it informs.
