Dynamic Oil Trading liquidators publish notice of dividend to unsecured creditors
- Published
by Admin
An announcement in the Government Gazette was published by the liquidator of Dynamic Oil Trading Pte Ltd (DOT) on Wednesday (25 November), regarding a notice of dividend from DOT’s voluntary liquidation.
The details in the notice are as follows:
| Name of Company
|
Dynamic Oil Trading (Singapore) Pte. Ltd. (In Creditors’ Voluntary Liquidation) |
| Address of Registered Office | c/o KPMG Services Pte. Ltd.
16 Raffles Quay #22-00 Hong Leong Building Singapore 048581 |
| Amount Per Centum | 4 per centum of all admitted unsecured claims (excluding any admitted subordinated unsecured claims) |
| First and final or otherwise | First interim dividend |
| When Payable | From 2nd day of December 2020 |
| Where Payable | c/o KPMG Services Pte. Ltd.
16 Raffles Quay #22-00 Hong Leong Building Singapore 048581 |
DOT, a subsidiary of O.W. Bunker, was incorporated in Singapore in August 2012 and filed for liquidation in November 2014.
Lars Moller is the former CEO of DOT; he was found by the Court of Aalborg in Denmark to be guilty of several criminal codes in May 2018 and sentenced to a prison term of one year and six months.
The jail term was later increased to five years due to fraud of “a particularly serious nature” after a failed appeal by Moller.
Related: Dynamic Oil Trading liquidators plan to declare interim dividend to unsecured creditors/
Related: Singapore: O.W. Bunker A/S stakeholders take Deloitte & Touche LLP to court over alleged negligence
Related: Danish Business Authority finds fault with OW Bunker auditors
Related: O.W. Bunker verdict: Prison sentence for Lars Moller
Related: OW Bunker: High Court explains reviewed judgement of Lars Moller
Photo credit: Manifold Times
Published: 30 November, 2020
