OW Bunker's Singapore CEO sentenced to 1.5 years in prison

A Danish District Court has sentenced Lars Møller, former CEO of OW Bunker's Singapore subsidiary, to 1.5 years in prison for his role in the bunker company's collapse.

Photo: Ritzau Scanpix/Kasper Palsnov.

On Wednesday, the Danish District Court in Aalborg issued its verdict in the criminal case against Lars Møller, former CEO of OW Bunker's Singapore subsidiary Dynamic Oil Trading, DOT.

The 44-year-old former chief executive was charged last year with gross breach of trust after he allowed the OW Bunker subsidiary to provide credit totaling USD 156 million to financially dubious business partner Tankoil.

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