Danish fuel supplier, CEO convicted over jet fuel exports to Syria

Fuel supplier Bunker Holding, its chief executive and its subsidiary were convicted by a Danish local court on December 14 for breaching European Union sanctions by selling jet fuel to war-torn Syria, court documents showed, Report informs referring to Reuters.

Bunker Holding, a fuel trader that is also one of the world’s largest shipping fuel suppliers, had together with its CEO and subsidiary Dan-Bunkering been charged with breaking sanctions imposed by the European Union in 2011, at the onset of the Syrian civil war.

A total of 172,000 tons of jet fuel worth around 647 million Danish crowns ($101 million) was sold in 33 trades between 2015 and 2017, the court documents said.

The defense lawyer for Bunker Holding, Henrik Sanders, told Reuters the convicted parties will ask for time to consider the verdict and to decide whether to appeal or not.

Dan-Bunkering was fined 30 million Danish crowns, roughly equivalent to the double on what was earned on the fuel trades, while Bunker Holding was fined 4 million crowns.

The chief executive of Bunker Holding, Keld Rosenbaek Demant, was handed a four-month suspended prison sentence.

The verdict was delivered by Odense city court.