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Lars Møller hits back at OW Bunker management

CEO of Dynamic Oil Trading (DOT) in Singapore, Lars Møller, is now hitting back through his lawyer: "The management knew what was going on," he tells ShippingWatch. DOT secured massive interest earnings to OW Bunker.

Lars Møller (photo), head of OW Bunker's controversial subsidiary Dynamic Oil Trading (DOT) in Singapore, who has been accused of fraud for USD 125 million and who was highly instrumental in the collapse of the whole group, is now hitting back against the persistent claims that he - acting alone and without senior management knowing about it - provided massive credits to customers in Singapore.

He does so through his lawyer Arvid Andersen of law firm SJ Law, who - speaking to ShippingWatch - supports and emphasizes the explanation that OW Bunker's senior management, headed by CEO Jim Pedersen, was fully aware that very large credits were frequently provided, and that there were claims in companies such as Tankoil Marine Services in Singapore in 2013 and 2014.

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