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Former Endofa partner acquitted by High Court in case concerning oil trades

Bunker company Endofa loses a case against former partner Babak Shahbaz in Denmark's Eastern High Court, where Endofa had filed for compensation totaling DKK 20 million. The acquittal of Shahbaz reverses a ruling issued by the country's Maritime and Commercial Court.
Photo: Arkivfoto / Colourbox
Photo: Arkivfoto / Colourbox
by CHRISTIAN CARLSEN

Denmark's Eastern High Court acquits former Endofa partner Babak Shahbaz of charges related to fraud in a series of lucrative oil trades in Angola, shows a transcript of the verdict which ShippingWatch has read.

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