OW Bunker Board responds: We are shocked
"The unrecoverable credit granted by DOT to Tankoil, currently estimated by management to be somewhere between USD 120 - 130 million, was never submitted to the board, let alone authorised by it," says OW Bunker's former Board of Directors in a sharply worded press release:
BY TOMAS KRISTIANSEN
”The board is as shocked and amazed as everyone else that the losses we have seen on risk management and receivables in the subsidiary, Dynamic Oil Trading, were even possible."
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Lars Møller hits back at OW Bunker management
For subscribers
.jpg)
.jpg&w=384&q=75)
