Former director of bunker company sued for more than USD 150 million

A former top executive of bunker company Inter-Pacific Petroleum, which is undergoing a restructuring, is sued by the interim management for USD 156 million.

Photo: Edgar Su/Reuters/Ritzau Scanpix

The former director of insolvent bunker company Inter-Pacific Petroleum is sued for more than USD 150 million, reports Straits Times.

Inter-Pacific Petroleum entered restructuring in September 2019 as it did not have enough money to continue operations. Governance of the company has since been taken over by accountants Deloitte.

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