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MAN pays back USD 8 million in engine fraud case

MAN Diesel & Turbo will pay back USD 8 million to Norwegian carrier Skaugen in the protracted fraud case related to diesel engines which used more fuel than stated in contracys. "MAN Diesel & Turbo SE has substantial outstanding claims against Skaugen," says MAN in a comment to ShippingWatch.

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MAN Diesel & Turbo has agreed to pay back USD 8 million to Norwegian gas carrier Skaugen in the protracted case concerning manipulation with test results for the company's engines.

By year-end 2016, we had USD 8.3 mill on our balance sheet as prepayment made for diesel propulsion systems from MAN (not yet delivered), and we await recovery of all the prepaid funds that we seek from MAN"

Skaugen

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