BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR PRIVACY & COOKIE NOTICE
X


Maxcom Bunker CEO arrested in Libyan fuel smuggling investigation

London (Platts)--23 Oct 2017 700 am EDT/1100 GMT


Italian police have arrested Marco Porta, chief executive officer of Italian marine fuel trader Maxcom Bunker, in conjunction with allegations the company was connected to sales of gasoil smuggled from Libya.

Porta stepped down as CEO last week and has been arrested, the company told S&P Global Platts Monday. The company itself is not under investigation.

"At no time during the investigation was operation hindered or stopped, and we are in full operative service to our customers," a company representative said.

Italy's financial police arrested several people last week including former Malta footballer Darren Debono as part of the 'Operation Dirty Oil' investigation, the Guardia di Finanza said Friday.

The police say gasoil from Libya's Zawia refinery was smuggled to Malta and then sold on to Italy and elsewhere in Europe.

In a statement last week, Maxcom expressed "deep surprise" at the investigation and said it had nothing to do with the alleged offenses.

--Jack Jordan, jack.jordan@spglobal.com
--Edited by Jeremy Lovell, jeremy.lovell@spglobal.com

Request a free trial of: Bunkerwire Bunkerwire
Bunkerwire

Delivered daily direct to your desktop, Bunkerwire focuses on marine fuel prices and supply in major ports worldwide. Bunkerwire is essential reading for those who require accurate and timely data on this market sector.

Request a free trial More Information




Copyright © 2018 S&P Global Platts, a division of S&P Global. All rights reserved.