Danish bunker and tanker group Monjasa and its former partner Jan Jacobsen have been acquitted of over-invoicing.

The company said Denmark's high court "definitively" cleared it and Jacobsen in a case dating back to 2010.

Jacobsen sold his share in the company to CEO Anders Ostergaard in September as a result of an earlier decision by a Danish court, which Jacobsen appealed, relating to oil quantity discrepancies towards an Asian customer.