OW Bunker trustee: Giant Singapore losses still a mystery
It is still a mystery to the curator of bankrupt OW Bunker's estate, lawyer Pernille Bigaard, what happened to the oil that Singapore-based subsidiary DOT sold to Tankoil. In an interview with ShippingWatch, she takes stock of the situation one month after the dramatic collapse.
BY TOMAS KRISTIANSEN AND OLE ANDERSEN
OW Bunker's losses on credits issued to one single customer through subsidiary Dynamic Oil Trading in Singapore - which the former board of directors put at an estimated USD 125 million and which it also claimed was the result of fraud perpetrated by leading employees at the company - still represent a mystery to the trustee of the bankrupt estate, lawyer Pernille Bigaard of law firm Plesner.
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