A former co-owner of Endofa, who is accused by his partners of defrauding them for millions of dollars, is puzzled that the bunker company has decided to pursue the case in Denmark.
In 2012 Babak Shahbaz helped establish Endofa in Dubai alongside two other bunker trades whom he knew from their mutual past at competitor Monjasa. However, he left the company a year later following disagreements with financier Kenn Søndergaard.
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