The Business Times
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Reported fraud at S'pore unit leaves OW facing bankruptcy

Published Thu, Nov 6, 2014 · 09:50 PM

    Singapore

    ALLEGED fraud at its Singapore subsidiary as well as a significant risk management loss have left key marine fuel supplier OW Bunker (OW) facing possible financial collapse.

    Following its report on Thursday of a fraud case at its Singapore unit, the Denmark-based group announced on its website later in the day that it has decided to file for a court restructuring process.

    MPA

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