Former Dan-Bunkering CEO: Bunker Holding was responsible for legality of fuel trades

Dan-Bunkering delivered jet fuel to Russian companies and military, but the responsibility for client credit assessment and compliance lay with Bunker Holding. "We have a division of functions," said former Dan-Bunkering CEO Henrik Zederkof during the Wednesday court session.

Henrik Zederkof gave his testimony in the Dan-Bunkering case on Wednesday. | Photo: Dan-Bunkering

Former Dan-Bunkering CEO Henrik Zederkof put it clearly when he had to assign responsibility for the general credit risk and legality assessment of fuel trades in the bunker group.

It was the responsibility of Bunker Holding and thereby, ultimately, Group Chief Executive Keld R. Demant, said Zederkof on Wednesday when giving his testimony in the Dan-Bunkering case as former CEO of the latter company.

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