China Breaks $1B Fuel Smuggling Ring ...Middle East

OILPRICE - Economy
China Breaks $1B Fuel Smuggling Ring
source : OILPRICE ( Middle East ) () 24
China broke a criminal ring that sought to smuggle almost a million barrels of fuel, although it has yet to be established whether the gangs involved tried to smuggle the fuel in or out of the country, Reuters has reported. The large-scale operation resulted in catching 171 suspects from 14 gangs and seizing 11 ships with fuel worth some $770 million, according to the report. The Chinese customs agency launched a nationwide crackdown on fuel smuggling last years. Since then, it said it had recorded as many as 170 cases of smuggling, with the amount…

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