OW Bunker director gets 1½ years jail sentence
One of several directors of the maritime fuel company OW Bunker has been convicted and will get one and a half years of jail time. Lars Møller was the director of the subsidiary…
More charges likely in OW Bunker fraud investigation
More charges could be filed as a result of a police investigation into the collapse of Danish maritime fuel company OW Bunker, writes Berlingske. On Thursday, it emerged that three senior executives were…
Fraud Squad nabs OW Bunker employee wanted in Italy
The Danish Fraud Squad arrested a former manager of collapsed ship fuel supplier OW Bunker , Thursday, with the aim of handing him over to Italy where he’s suspected of embezzlement and fraud. Announcing…
Dutch bank pursues OW Bunker money
Danish fuel supplier OW Bunker, which filed for bankruptcy in Denmark earlier this month after it revealed losses of at least $125 million at one of its Singapore-based subsidiaries, Dynamic Oil Trading, will…
Investment companies considering legal action against OW Bunker
Belgian law firm Deminor said it had been contacted by 15 to 20 investment firms considering legal action over the failure of the Danish fuel supplier, OW Bunker, the world’s largest shipping fuel…
OW Bunker files for bancruptcy
Danish shipper OW Bunker, the world’s largest ship fuel supplier, has been forced to file for bankruptcy after internal fraud was revealed, costing the company $125 million. Banks have refused to provide new…
Ex-prime minister drops UN job following tax shelter allegations
One week after being appointed joint head of a new EU panel tasked with fighting tax evasion, former prime minister Helle Thorning-Schmidt has stepped down following reports linking her to tax shelters in…
Fraud squad raids bunker company
The State Prosecutor’s Office for Serious Economic and International Crime (SØIK), popularly known as the fraud squad, has raided the offices of Dan-Bunkering in Middelfart looking for possible violations of EU sanctions on…
The Week That Was, May 28th – June 3rd 2018
Politics/Economy: Parliament passed the government’s controversial burka ban Thursday, making it illegal to wear a full-face veil in public. Children living in vulnerable social housing districts will be forced to attend kindergarten and…
The Week That Was, September 10th – 17th 2017
Politics/Economy Prime Minister Lars Løkke Rasmussen called for top-level political action to stop the growth of Muslim parallel societies throughout Denmark – at the government’s two-day seminar in Esbjerg he said the asylum…
Danish Krone Exchange Rate