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Dynamic Oil Trading liquidators publish notice of dividend to unsecured creditors

30 Nov 2020

An announcement in the Government Gazette was published by the liquidator of Dynamic Oil Trading Pte Ltd (DOT) on Wednesday (25 November), regarding a notice of dividend from DOT’s  voluntary liquidation.

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 c/o KPMG Services Pte. Ltd.

16 Raffles Quay #22-00

Hong Leong Building

Singapore 048581

Amount Per Centum 4 per centum of all admitted unsecured claims (excluding any admitted subordinated unsecured claims)
First and final or otherwise First interim dividend
When Payable From 2nd day of December 2020
Where Payable 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: Dynamic Oil Trading liquidators plan to declare interim dividend to unsecured creditors/
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: 30 November, 2020

 

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