Secret million-dollar settlement in fraud case

Asian company withdrew charges of systematic fraud against Danish billion-dollar company – but only after receiving a generous compensation.

This picture is generic and is not related to the case

A Danish oil company suspected of comprehensive delivery fraud has signed a secret million-dollar settlement with a major long-term Asian customer, several sources familiar with the proceedings tell ShippingWatch and Danish business media Finans.

Earlier this year, the customer reported the Danish supplier to the Danish Fraud Squad (SØIK) and filed a USD 7.5 million claim at the Danish Maritime and Commercial High Court.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
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

Maersk rejects shippers' complaint in USD 180m dispute

U Shippers has no case in a contractual dispute reported to the US Federal Maritime Commission, Maersk writes in a response to the FMC. Moreover, the case should not even be a matter for the commission, the company says.

Related articles

Latest news

See all jobs