Singapore's Maritime and Port Authority (MPA) declines to comment on the information presented by a whistleblower to Danish news media TV2 recently.
In the months leading up the bankruptcy of OW Bunker in November 2014, according to the information from whistleblower organization Iceberg, the MPA was repeatedly warned about local Singapore-based business man Dennis Tan, whose company Tankoil wound up playing a decisive part in the collapse of the Danish bunker giant. In particular, receivables totaling more than USD 110 million owed by Tankoil to OW Bunker subsidiary Dynamic Oil Trading helped push the company toward the bankruptcy.
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