ShippingWatch

Two former bunker execs charged with massive fraud in Singapore

Two former executives from bunker company Coastal Oil are charged with defrauding eight banks of USD 340 million, report Reuters.

Photo: Colourbox

Two former executives from Singapore-based bunker company Coastal Oil have been charged with participating in large-scale fraud, reports Reuters citing court documents which the news agency has accessed.

Both of the former executives are from Singapore, and they have been charged with allegedly defrauding eight banks of USD 340 million.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Bawat targets Stockholm listing to raise fresh capital

With an IPO in Stockholm, ballast water system supplier Bawat aims to secure capital for the company’s continued development. The listing comes just six months after the company’s latest cash injection. ShippingWatch has spoken to CEO Marcus Hummer.

Further reading

Related articles

Latest news

See all jobs