Boss of defunct Dynamic Oil Trading charged with fraud

Boss of defunct Dynamic Oil Trading charged with fraud

Denmark’s state prosecutor charged Lars Moller, the former manager of OW Bunker’s Singapore subsidiary, with fraud on Thursday.

OW Bunker filed for bankruptcy in Denmark in November 2014 after hidden massive losses at its Singapore business Dynamic Oil Trading were uncovered.

Moller has been charged with committing fraud of agent by granting credit outside his mandate worth more than 800m Danish crowns ($123m).

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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