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
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
‘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.