Bunker Investigation
In 1985 the Norwegian insurance company Gard got suspicious about losses of cargo from Fredriksen's tankers. A private investigation was initiated and a system for the use of heavy oil as bunker fuel was revealed. The case was turned over to the Norwegian police and in June 1986 Fredriksen's offices in Oslo were searched and several of his nearest associates, and after a while also Fredriksen, were placed in detention while the case was investigated.
After several years of arguments between the various lawyers the case was settled out of court. Fredriksen had to pay a fine of 2 million NOK for risking his crew's life, and in addition had to pay the insurance company Gard an amount of over 800.000 USD.
Read more about this topic: John Fredriksen
Famous quotes containing the word bunker:
“I have no doubt that it was a principle they fought for, as much as our ancestors, and not to avoid a three-penny tax on their tea; and the results of this battle will be as important and memorable to those whom it concerns as those of the battle of Bunker Hill, at least.”
—Henry David Thoreau (1817–1862)