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Danish oil company charged with fraud amounting to 24.3 million kroner

TheCopenhagenPost
December 4th, 2015


This article is more than 9 years old.

Charges of aggravated fraud could lead to jailing of company owners

The Danish fraud office, Statsadvokaten for Særlig Økonomisk og International Kriminalitet (SØIK), has charged a Danish oil company with 24 counts of fraud.

The fraud was allegedly committed between 2010 and 2013 and amounts to 24.3 million kroner, Jyllands-Posten reports. The identity of the company is protected by a gag order.

The case was reported in the media last year after an Asian customer of the company reported it to SØIK. These charges were withdrawn in connection with a settlement between the Danish company and the accuser, but the fraud office continued its investigations and has now independently charged both the company and its owners.

Morten Jakobsen, a state prosecutor at SØIK, characterised the case as serious.

“It is obviously serious when we raise a case of aggravated fraud, and when a professional company appears to do something that isn’t by the book. It is quite a substantial amount at issue,” he said.

The charges against the company’s owner could potentially lead to a sentence of eight years’ imprisonment.


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