Sentence extended for man who brought down the world’s largest bunker supplier

Sentence extended for man who brought down the world’s largest bunker supplier

A Danish high court on Friday extended the sentence against the infamous bunkering executive Lars Møller. The former manager of OW Bunker’s Singapore subsidiary Dynamic Oil Trading will now serve five years in prison for granting credit outside his mandate, contributing to the bankruptcy of the marine fuel supplier.

Møller’s off-book activities cost OW Bunker $125m and helped bring around the shock demise of the world’s leading supplier of bunker fuel five years ago.

Møller had earlier received an 18-month prison term, which he then appealed.

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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