Featured World News

Over 80 arrested in billion-yuan oil smuggling case

More than 80 suspects were arrested on Tuesday in the city of Fuzhou, south China’s Fujian Province, in a refined oil smuggling case involving about 1.5 billion yuan (about $213 million).

The suspects were nabbed in a coordinated operation by customs and the coast guard.

According to the local customs, six oil-smuggling rings were busted, with seven vessels, more than 1,000 tonnes of smuggled refined oil and nearly 20 million yuan of cash seized.

However, preliminary investigation showed that the suspects had trafficked around 200,000 tonnes of refined oil.

Meanwhile, further investigation is underway.

Related posts

Monetary policy: Expert foresees interest rate reduction in Q3

Editor

SON destroys N450m worth of substandard LPG cylinders, roofing sheets

Our Reporter

Eguavoen steps down as Eagles coach

Our Reporter

NACCIMA calls for domestication of AfCFTA

Editor

NSE market indices reopen with marginal growth of 0.06%

Editor

How petrol, forex interaction affect pricing  

Editor