ShippingWatch

OW management will look at page 41 in trustee report

With the charges against OW Bunker's executive management, CEO Jim Pedersen and CFO Morten Skou, as well as the head of the subsidiary in Singapore Lars Møller, the countdown has begun to the major court case. Executive management will point to one item in particular in its defense.

Photo: OW Bunker

It was a story of foreshadowed charges, when the Attorney General's office for fraud and economic crimes - generally known as the Danish Fraud Squad (SØIK) - filed charges yesterday against several executives from one of the world's largest bunker companies, Danish OW Bunker, which after a few months on the Copenhagen Stock Exchange and after a few days of dramatic fight for survival, closed its doors on November 7th, 2014.

The three key figures have basically been waiting around for this to happen, or as they have been saying: "I wonder if they'll summon me to a meeting at some point?"

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

Reefer rates to peak in fall season, followed by slow decline

Rates on refrigerated containers, or reefers, have increased by 50% in the second quarter compared to the same period in 2021, with growth set to continue in the third quarter. 2023, however, will see rates slowly declining, forecasts consultancy Drewry.

Related articles

Latest news

See all jobs