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:
Related: Dan-Bunkering, Bunker Holding and CEO guilty of Syria sanctions violations; fined USD 5.17 million in total
Related: Dan-Bunkering trial: Defence lawyer pleads for full acquittal of clients in court
Related: Dan-Bunkering trial: Court denies request sending case to European Court of Justice
Related: Dan-Bunkering trial: Denmark also bombed Syria, confirms defence counsel
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Related: Bunker Holding: ‘No signs’ in alleged breach of EU sanctions post internal investigation
Related: Experts: Bunker Holding alleged jet fuel sale significant to outcome of Syrian War
Related: Bunker Holding ‘surprised’ at fuel sale charge; maintains ‘full confidence’ in Group CEO
Related: Danish prosecutor proposes jail sentence for Bunker Holding Group CEO over jet fuel sale
Related: Bunker Holding & Dan Bunkering allegedly charged over EU sanctions violations
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Related: Dan-Bunkering: Everything has been investigated – the case should be closed
Related: Name ban on parties involved with Dan-Bunkering Syrian jet fuel deal lifted
Related: Dan-Bunkering Middelfart office searched by commercial crimes police
Related: Firm linked to alleged Dan-Bunkering Syrian war activities under sanction
Related: Update: Dan-Bunkering Syria jet fuel supply ops allegedly longer than thought
Related: Dan-Bunkering faces preliminary charges by SOIK with violation of EU Syria sanctions
Related: Investigations on Dan-Bunkering over alleged Syrian jet fuel deal start
Related: Danske Bank casts doubts on Dan-Bunkering reason for Syria investigation
Related: Danske Bank reported Dan-Bunkering to police in EU sanctions case
Related: Bunker company acknowledges flawed statement in EU sanctions case
Related: Unioil Supply dragged into Dan-Bunkering sanctions allegations
Related: Dan-Bunkering has not violated EU’s sanctions against Syria, it insists
Related: Nordea highlights stance on compliance after Dan-Bunkering discovery
Related: Danish media alleges Dan-Bunkering jet fuel deliveries during Syria war
Photo credit: Dan-Bunkering
Published: 15 December, 2021
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