05/01/2016at 13:00

Media: Tankoil CEO in secret settlement with Noble Group

Dennis Tan, CEO of Singapore-based Tankoil, whose close ties pulled the rug out under OW Bunker, has reached a secret settlement with Noble Group. This brings new hope to the efforts of finding the missing USD 155 million in the island state.

BY TOMAS KRISTIANSEN

A secret settlement in Singapore brings new hope to the OW Bunker trustees who are trying to recover the money for creditors and investors following the bankruptcy of the major Danish bunker company in 2014, reports Danish television TV2 on its website.

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OW Bunker's Singapore CEO welcomes trustee's report
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Here is the report on liability in the collapse of OW Bunker
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Altor: OW Bunker board not responsible for bankruptcy
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