Four former executives at Aegean Marine Petroleum are now being sued in a case concerning alleged fraud totaling USD 300 million.
Aegean Marine Petroleum, now Minerva Bunkering, has previously accused the company's founder, Dimitris Melisanidis, of having channeled USD 300 million out of the company in a case of alleged fraud. This allegedly happened through prepayments for future oil deliveries which were never delivered. Melisanidis has previously rejected the accusations and is not among the four people sued.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.
More from ShippingWatch
A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with alleged corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.