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.