OW Bunker omitted information about its Singapore subsidiary’s risky trading policies that it was advised to include in its initial public offering (IPO) prospectus, according to new claims.
The Danish marine fuels trading group, which collapsed in November, was advised to include information about the level of profit it made from speculative trading in oil prices but did not, according to papers seen by DR Nyheder, the news service of broadcaster Danmarks Radio (DR).
