China arrests 43 suspects in billion-yuan oil smuggling case

Beijing, Chinese authorities announced arresting 43 suspects in a major refined oil smuggling case worth of 1.27 billion yuan, about $189.55 million, the Chinese General Administration of Customs said Monday.

It added that the suspects were nabbed in coordinated operations by customs, coast guard and police officers, during which a foreign oil tanker and four smaller transferring ships, one oil depot and 16 oil tanks containing 29,500 tonnes of smuggled refined oil were seized.

Preliminary investigation showed that the suspects have trafficked around 170,000 tonnes of refined oil since 2018.

Since March, customs authorities nationwide have initiated investigations into 184 cases of refined oil trafficking valued at 6.62 billion yuan, about $988 million.

Source: Jordan News Agency