Singapore arrests 17 suspected in Shell oil heist

      Published on Tuesday, 9 January , 2018      81 Views     
Singapore arrests 17 suspected in Shell oil heist

  • Singapore Business

Singapore police have arrested 17 men suspected of involvement in stealing oil from the largest Shell refinery in the world.

Police said Tuesday that they also seized $2.3 million and an oil tanker in connection with the theft, which was first reported in August.



Singapore media reported that that nine of the men were charged with criminal breach of trust and could face up to 15 years in jail if convicted. Two Vietnamese were accused in court of receiving stolen goods and could face up to five years in jail, local media said.

Shell has not said how much oil was taken. It said in a statement that those detained included “a limited number of Shell employees.”

A police statement said the 17 men, aged 30-63, were detained Sunday. It said police are seeking to freeze the suspects’ bank accounts.

The oil came from Shell’s Bukom industrial site, located on an island southwest of Singapore. It is the company’s largest petrochemical production and export center in the Asia-Pacific.

Theft of oil and of oil tankers has been a chronic problem in piracy-prone Southeast Asia for years.



abcnews.go.com

Keywords:
Category Singapore Business | 2018/01/09 latest update at 11:25 AM
Source : | Photocredit :
82 Views
Comments Add comment



Bulgarian Business Club

Related Articles

The editorial staff of Bulgarian Business Club would like to give all of its readers from Bulgaria and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Bulgarian Business Club with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter or use our RSS feed channel to always read the most important news about Bulgaria.


Sponsored Publications