Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait - Probe begins in bid to smuggle 500,000 litres diesel   Join our daily free Newsletter

MENAFN - Arab Times - 15/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) The Public Prosecution has started its investigations regarding the attempt to smuggle 500,000 liters of subsidized diesel out of the country, which was foiled by the Financial Crime Unit in the General Department for Criminal Investigations. According to security sources, police detectives initiated investigations and surveillance operations on the smuggling operation after receiving information about a Kuwaiti citizen who had leased an industrial plot to store diesel mixed with a small amount of used oil.



The Kuwaiti suspect, with the help of four Arab nationals and an unidentified individual, bought used oil from vehicle agents and garages, which he then stored in containers inside his leased plot. Customs declaration documents were forged for shipping subsidized diesel and tested samples were sent to the Kuwait Petroleum Company under the pretext of being burnt oil, which is legal to export.



After this, he would smuggle the diesel through customs to other parts of the world, where he sells it for double the price. With the cooperation of General Custom Department and the Kuwait Petroleum Cooperation, 20 containers holding 500,000 liters of diesel were confiscated while they were being smuggled through Shuwaikh Port. Some tests were conducted on the diesel in the containers to discover that it was subsidized substance that was not allowed for export.




Three individuals have been arrested while two others are being pursued. Meanwhile, the official spokesperson of Kuwait Petroleum Cooperation Khaled Al-Asousi denied the news that was published in a local newspaper. He explained that the Public Prosecution has summoned the local marketing director of the company to hear his testimony regarding the diesel smuggling case and how the perpetrators managed to get hold of the export clearance of what was assumed to be burnt oil without checking its contents. He affirmed that the Kuwait Petroleum Cooperation is not the authority responsible for issuing such clearance, insisting that the company always cooperates with every concerned government bodies to stop smuggling of diesel and provides necessary aid and support concerning this issu


 


Arab Times




  MENA News Headlines
 May 29 2016 - Oman- Fashion & Beauty Habits to followMuscat Daily
(MENAFN - Muscat Daily) Aristotle once said, 'Good habits formed in youth make all the difference.' Here aresome good habits I follow that make all the difference in my beauty and fashion game. ...

 May 29 2016 - Oman- Rare Shakespeare first edition sold for nearly 2 millionMuscat Daily
(MENAFN - Muscat Daily) A rare first edition of British playwright William Shakespeare's works from 1623 sold for 1.87 million (2.46 million euros, $2.75 million) at Christie's on Wednesday, the ...

 May 29 2016 - Oman- 'Inventive' early Neanderthals built complex structures: studyMuscat Daily
(MENAFN - Muscat Daily) Long thought of as thick-skulled brutes, Neanderthals were already building complex underground structures by firelight, possibly for rituals, 176,500 years ago, said a study ...

 May 29 2016 - Fishing in Oman, a year-round experienceMuscat Daily
(MENAFN - Muscat Daily) One of the many amazing geographical features of the Sultanate, is that it has endless miles of pristine beaches, extending from the southern coasts of Salalah to the azure ...

 May 29 2016 - Abu Dhabi adds night shift for abattoirs during RamadanKhaleej Times
(MENAFN - Khaleej Times) Abu Dhabi's slaughterhouses are all geared up for its busiest month, Ramadan, the Abu Dhabi City Municipality (ADCM) has said. During the holy month of Ramadan, the civic ...

 May 29 2016 - UAE- Don't sympathise, but fight begging during RamadanKhaleej Times
(MENAFN - Khaleej Times) var doLoad = true; if (doLoad) { ...

 May 29 2016 - UAE- Weight-loss surgery death: Probe beginsKhaleej Times
(MENAFN - Khaleej Times) The Ras Al Khaimah Education Zone has initiated an investigation after a young Palestinian man died two weeks after a weight loss surgery in the northern emirate. Dr ...

 May 29 2016 - UAE- How to be the CFO of your householdKhaleej Times
(MENAFN - Khaleej Times) Managing a household's finances is in many ways just like running a small business. And for the one in-charge of managing this, the term 'Chief Financial Officer' seems apt. ...

 May 29 2016 - UAE signs two agreements with KosovoKhaleej Times
(MENAFN - Khaleej Times) The UAE, represented by the Ministry of Finance (MoF), signed two final agreements on avoidance of double taxation on income and the protection and promotion of investment ...

 May 29 2016 - Pakistani mangoes arrive in the UAEKhaleej Times
(MENAFN - Khaleej Times) Pakistani mangoes have hit the UAE markets with the first shipment arriving in Dubai from Karachi on Thursday. Sindhri and Almas have thus made their way back to Dubai. ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help