Dan-Bunkering on Tuesday (14 December) released a statement regarding the city court of Odense’s ruling against the company, Bunker Holding and Bunker Holding’s CEO:
Today, in the city court of Odense the verdict was made in the case against Dan-Bunkering, Bunker Holding and Bunker Holding’s CEO, who were indicted of having breached EU sanctions in Syria.
The court has not found that any of the defendants acted with direct intent to violate EU sanctions.
Regarding Dan-Bunkering the court has found that the employees of Dan-Bunkering’s Russian office in Kaliningrad, who executed the trades, ought to have known that there was a possibility that Dan-Bunkering’s Russian client was going to use the fuel in violation of EU sanctions.
The court, on the other hand, found no evidence that neither Bunker Holding nor its CEO deliberately acted in violation of EU sanctions, but rather acted with unintentional negligence in relation to the smaller number of trades completed in the spring of 2017.
Dan-Bunkering notes that the fine levied against the company was a tenth of what the prosecutor had called for, just as Bunker Holding’s fine was reduced to 1/20 of the prosecutor’s demand. In addition, Bunker Holding’s CEO was given a significantly reduced sentence compared to the prosecution’s demand.
This is a very complicated case, which is also being reflected in the fact that the judges were not able to reach consensus about the Dan-Bunkering intentions. This question was settled with the votes 2-1.
Dan-Bunkering, Bunker Holding, and Bunker Holding’s CEO have from the beginning of the legal process taken the accusations very seriously. Therefore, we will now take the necessary time to consider and evaluate the verdict and the premises of the verdict thoroughly before making any decision of whether to appeal to a higher court.
Note: Earlier Manifold Times coverage regarding Bunker Holding/Dan-Bunkering’s breaches of EU sanctions can be found below:
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Photo credit: Dan-Bunkering
Published: 15 December, 2021
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Bunker Holding and Dan-Bunkering have decided not to appeal the city court ruling in the case where the companies were on trial for breaching EU sanctions against Syria, states USTC.
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Dan-Bunkering was fined USD 4.56 million; Bunker Holding received a USD 610,000 penalty while its CEO Keld R Demant faces a conditional prison sentence of four months in prison, according to court judgement.