News / Polar Air Cargo 'was the victim' in 'illegal payments' case

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Polar Air Cargo has framed itself as the victim of embezzlement in a case where it has already admitted its management received illicit payments.

The case will no doubt raise questions over shareholders Atlas Air and DHL’s oversight of the company.

The case involves forwarder Cargo on Demand (COD), which claimed that, in order to retain its BSA deal, it had “been forced to pay consulting fees” of nearly $4m over seven years to the private accounts or companies of six Polar executives.

The forwarder ...