Creditors of a defunct company that once ran a string of Getty gas stations have sued the men who bought the company for $1 from OAO Lukoil Holdings, accusing them of siphoning more than $6 million out of the "grossly insolvent" operation in less than a year, Dow Jones Daily Bankruptcy Review reported today. Creditors are suing to reclaim the cash under laws that ban outsize payments to insiders by companies that are unable to pay their bills. Aaserod, who is generally described in news accounts as a Norwegian-born businessman and a financier, and his long-time business ally Karro, "purchased" the operations of Getty Petroleum Marketing Inc. from Russia's Lukoil in March 2011.
