Beluga’s Stolberg receives lengthy jail sentence

Beluga’s Stolberg receives lengthy jail sentence

Niels Stolberg , the former boss of the now defunct Bremen project shipping line, Beluga, was sentenced yesterday to three and a half years in jail for fraud. Three other former senior managers received suspended sentences after the two-year court case finally reached a conclusion.

According to the court, Stolberg faked several banks with bloated bills for new ships.

Judge Monika Schaefer, in handing out the lengthy sentence, said Stolberg had used a “substantial amount of criminal energy”.

Stolberg, suffering from cancer, said he had made mistakes that he regretted. “I’ve lost everything – my life’s work, my reputation, my health,” he said.

Beluga went bankrupt in 2011.

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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