Lars Moller, the former CEO of OW Bunker subsidiary firm Dynamic Oil Trading (DOT), reportedly plans to appeal against an 18-month jail term sentence by the Court of Aalborg in Denmark.
Moller is represented by defence lawyers Arvid Andersen of SJ Law and Anders Nemeth from AK Nemeth Advokatelskab.
The Danish court charged Moller with misconduct of “a particularly serious nature”, cf. section 280 (2) of the Criminal Code, cf. section 286 (1); he was also found guilty of violation of section 299 (1) of the Criminal Code.
OW Bunker, which was bankrupted in November 2014, found DOT trading with a partner that significantly exceeded the approved credit limit of USD $10 million.
“It was established by the judgment that at the time of the competition there were a total of about USD $90.2 million in transactions which had not been posted,” a statement from the court revealed.
Related: OW Bunker verdict: Prison sentence for Lars Moller
Related: OW Bunker: Verdict to be out on Wednesday
Related: Dynamic Oil trial: Lars Moller provides testimony
Related: All eyes on Dynamic Oil criminal trial at Denmark
Related: Dynamic Oil criminal trial set to begin in April
Photo: Per Johansen
Published: 13 June, 2018
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