The Danish fraud squad is pressing charges against three former directors of bankrupt OW Bunker.

Denmark’s State Prosecutor for Serious Economic and International Crime (SØIK), also known as the fraud squad has bought charges against former OW Bunker ceo Jim Pedersen, cfo Morten Skou, and Lars Moller ceo of Singapore subsidiary Dynamic Oil Trading.

According to local reports more charges could brought against former senior executives of the company.

Charges were not made against former risk manager Jane Dahl Christensen, or Kimmie Goh, cfo of Dynamic Oil Trading.

OW Bunker collapsed spectacularly in just 48 hours in November 2014 after a $275m in losses were revealed.