Endofa doubles claim against former partner

Endofa has increased its claim against a former partner, whom the bunker company accuses of fraud in a series of lucrative oil transactions in Angola. The appeals case, brought by the accused, in the contentious conflict begins Monday.

Photo: Arkivfoto / Colourbox

Endofa has doubled its claim against a former partner, whom the Danish bunker company is accusing of fraud.

In November 2018, Babak Shahbaz, former co-owner of Endofa and current oil trader based in Canada, was sentenced to pay around DKK 10 million (USD 1.5 million) in damages to the bunker company.

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