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Shell MGO bunker heist: First ex-Shell employee to plead guilty over involvement

Ex-employee pleaded guilty to four accounts of abetting criminals in a breach of trust over SGD 49 million worth of gas oil between 2017 and 2018.

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A former Shell employee has reportedly pleaded guilty to being involved in the million dollar Shell-Singapore heist by embezzling millions of dollars’ worth of gas oil from the Pulau Bukom refinery for sale to other parties.

Sadagopan Premnath, 40, an Indian national is the first ex-Shell employee to admit to his involvement in the case and pleaded guilty to four accounts of aiding and abetting criminals in a breach of trust as an employee over SGD 49 million worth of gas oil between 2017 and 2018. 

Five other charges will reportedly be considered in his judgement.

The accused began his employment with Shell around 2012 as fieldman/panel operator and duties as fieldman included operating heavy duty valves while as a panel operator he handled the black oil panels that digitally controlled valve movements.

Purportedly, co-accused Juandi Pungot, also a former Shell employee, recruited Premnath in mid-2017 and Premnath agreed as he feared negative treatment from his senior colleagues.

Premnath’s position in the chain of events was to operate the black oil panel valves based on  instructions given so that the misappropriated gas oil could be transferred to third party vessels. 

Being a junior, Premnath initially sat by his co-conspirators as they transferred the oil before performing the necessary procedures to mask their tracks. 

He claims to have no knowledge on who was buying the embezzled gas oil and reportedly received SGD 200,300 (USD 150,000) from the proceeds.

Premnath is scheduled to return to court for his sentencing in February 2021.

Earlier coverage of developments by Manifold Times regarding the Shell MGO bunker heist can be found below: 

Related: Shell MGO bunker heist: Founder of Sentek released from police custody on SGD 300k bail, e-tagging
Related: Shell MGO bunker heist: Chemical oil tanker “M/T Prime South” forfeited by State Courts of Singapore
Related: Shell MGO bunker heist: Founder of Sentek face charge at State Courts of Singapore
Related: Singapore: Shell MGO bunker heist amount balloons to USD$142 million
Related: Shell MGO bunker heist update: Fresh charges issued at Singapore court
Related: Shell Singapore oil heist: More charges issued at court
Related: Shell Singapore oil heist: Nine charged offered bail
Related: Singapore bunker employee faces additional charges
Related: Intertek Singapore employee among Shell oil heist suspects
Related: Shell Singapore oil heist update: More individuals charged
Related: Shell Singapore oil heist: Shipowner should have conducted a charterer check
Related: Fuel syndicate busted at Singapore Shell Bukom
Related: Shell Singapore oil heist: Breakdown of stolen oil cargoes


Photo credit: Manifold Times
Published: 16 December, 2020

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Legal

Trafigura subsidiary’s employee named among suspects in Pertamina corruption case

Indonesia’s AGO reportedly named new suspects including the former Business Development Manager at PT Trafigura, the commodities group’s Indonesian subsidiary, who was only identified as “MH”.

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Pertamina

An employee at an Indonesian subsidiary of commodities group Trafigura was named as a suspect among nine people in a corruption case involving state-owned oil giant PT Pertamina, according to several news reports. 

On 10 July, Indonesian Attorney General’s Office (AGO) reportedly named the new suspects including the former Business Development Manager at PT Trafigura, who was only identified as “MH”, in an investigation into alleged mismanagement and corruption between 2018 and 2023 that the AGO has said resulted in losses of Rp285 trillion (USD 17.6 billion) to the state. This is a jump from the previously reported USD 12 billion, which has since been revised by the AGO. 

According to Reuters, Trafigura said the employee has been cooperating with the authorities. 

“We understand that the employee has been recently named a suspect in an investigation involving PT Pertamina,” a Trafigura spokesperson said in an email.

The company added it is providing appropriate legal representation to the employee and is awaiting further details about the specific allegations.

Manifold Times previously reported Singapore-based trading companies were reached out by Indonesian authorities to seek their cooperation in the corruption investigation.

According to several people who received or saw the invitation, who wished to remain anonymous, the oil traders received notices earlier this month, requesting them to assist the office of Indonesia’s Attorney General by providing answers on overall governance and past transactions. 

Related: Indonesia seeks cooperation of Singapore traders in USD 12 billion Pertamina probe

 

Photo credit: Pertamina
Published: 16 July 2025

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Winding up

Singapore: Somerset Maritime Pte Ltd to undergo voluntary wind up, selects liquidator

Creditors are required on or before 9 August 2025 to send in their names and addresses with particulars to liquidator at 18 Robinson Road, #20-02 18 Robinson, Singapore 048547.

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calculator steve pb from Pixabay

Singapore-registered Somerset Maritime Pte Ltd and related companies will voluntarily wind up following an Extraordinary General Meeting on 30 June, according to a Government Gazette notice published on Thursday (10 June).

In August 2020, HSBC reportedly arrested two product tankers owned by Somerset Maritime over cargo claims totalling USD 6 million. HSBC filed cargo claims worth USD 3 million against each vessel.

The resolutions set out below were duly passed:

SPECIAL RESOLUTIONS

  • VOLUNTARY WINDING UP

RESOLVED THAT the company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (“IRDA”).

  • POWER OF LIQUIDATOR

RESOLVED THAT the Liquidator be authorised to exercise any of his power given by Section 177 of the IRDA and to distribute to member(s) either in cash or in specie any part or all of the surplus assets of the Company, if any.

ORDINARY RESOLUTION

  • APPOINTMENT OF LIQUIDATOR

RESOLVED THAT Mr Junichi Naganawa be and is hereby appointed Liquidator for the purpose of winding up the affairs of the Company and distributing the assets, if any and that his remuneration be fixed on the usual scale of his professional charges for the work involved.

In another notice, the liquidator of the company said creditors are required on or before 9 August 2025 to send in their names and addresses with particulars (if any) to liquidator at 18 Robinson Road, #20-02 18 Robinson, Singapore 048547.

The liquidator may require creditors or their solicitors to “come in and prove their said debts or claims at such time and place as shall be specified in such notice or in default thereof, they will be excluded from the benefit of any distribution made before such debts are proved.”

 

Photo credit: steve pb from Pixabay
Published: 15 July, 2025

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Incident

India: MSC faces USD 1.1 billion lawsuit from Kerala state over “MSC ELSA 3” bunker spill

Reports noted approximately 84 mt of diesel and 376 mt of fuel oil on board the stricken vessel when it sank carrying 643 boxes.

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MSC Elsa 3 MT

Swiss-based Mediterranean Shipping Company (MSC) is reportedly facing a USD 1.1 billion lawsuit from India’s southern state of Kerala which is seeking compensation over marine fuel leaked from MSC ELSA 3 into the Arabian Sea in May.

The High Court of Kerala on Monday (7 July) ordered authorities to seize containership MSC Akiteta II which was anchored in Vizhinjam Port until securities for the claim amount are deposited.

The 1,700 TEU capacity containership MSC ELSA 3 was sailing from Vizhinjam to Kochi when failure in its ballast management system caused it to sink on 25 May about 13 nautical miles off the coast of Kerala.

Reports noted approximately 84 metric tonnes (mt) of diesel and 376 mt of fuel oil on board the stricken vessel when it sank carrying 643 boxes.

 

Photo credit: Indian Ministry of Defence
Published: 9 July 2025

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