Norway Uncovers Russian Scheme for Marine Insurance Fraud
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Norwegian investigators have charged four people in connection with an alleged marine insurance fraud scheme linked to the Russian dark fleet, accordi...
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Norwegian investigators have charged four people in connection with an alleged marine insurance fraud scheme linked to the Russian dark fleet, accordi...
So fake insurance apparently
The investigation centers on the activities of insurer Ro Marine AS, a company with a listed address in the prestigious Norwegian Shipowners Association building in Oslo. According to NRK and the shipowners' association, Ro Marine never had a presence in the building - and Norway's finance authority says that the company wasn't selling real insurance, either.
A routine check of the insurer's paperwork revealed that it had sent clients a forged document that purported to be an approval letter from the Finanstilsynet, Norway's Financial Supervisory Authority. The seal was wrong; the signature was fake; and the document referred to nonexistent regulations, Finanstilsynet told NRK. The agency reported the apparent fraud to the police and on March 4, it instructed Ro Marine AS to cease operations immediately.
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