The Danish Customs and Tax Administration (Skat) has accused equity fund Altor of abusing Danish tax legislation shortly before the fund took OW Bunker public in the spring of 2014. At the time, Altor fully owned the Danish bunker company and is now being accused of intentionally covering its tracks when taking DKK 557 million (USD 81 million) from the company via Luxembourg to tax haven Jersey.
Skat is demanding repayment of DKK 140 million from the estate of OW Bunker, which went bankrupt in the fall of 2014, according to correspondence between Skat and the estate, accessed by Danish media DR.
More from EnergyWatch
Ahead of Thursday’s long awaited meeting between EU’s energy ministers, the EU Commission still has yet to rubber-stamp any proposed solutions to the energy crisis. According to a commissioner, preparations are still underway for the meeting – and gas prices are in focus, according to documents leaked Wednesday.