Fraud-charged bunker supplier paid huge sums to tax shelter

Huge transfers to a tax shelter in Saint Vincent and the Grenadines may be the Danish Fraud Squad's best card in the fraud case against a Danish bunker supplier. The Danish company maintains that the money constitutes payments for oil deliveries, but the authorities are not buying it.
Photo: Modelfoto/Colourbox
Photo: Modelfoto/Colourbox

A Danish oil company with a billion dollar revenue has transferred significant sums to an unknown tax shelter in Saint Vincent and the Grenadines. These transfers are pivotal in the criminal case which the Danish Attorney General's office for fraud and economic crimes – generally known as the Danish Fraud Squad (SØIK) – has started against the oil company and two unnamed executives at a court in Kolding, Denmark.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading