Media: No values in OW's troublemaker client

A review of Singaporean company Tankoil, one of OW Bunker's debtors, has revealed an empty cashbox. The trustee is frustrated, but will try other avenues, according to Danish media.

The trustee of the bankrupt OW Bunker lost out on a shortcut to quick profit when it failed to declare its debtor, Singaporean Tank Oil Services, bankrupt.

Trustee John Sommer Schmidt from Gorrissen Federspiel had long hoped that a bankruptcy on the part of the debtor would reveal what happened to the approximately USD 125 million which OW Bunker ended up losing when providing Tankoil with credit.

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