Register
Login:
Share:
Email Facebook Twitter


EXCLUSIVE: Alastair Smith, Avacta Group CEO gives an Operational Update


Finance & Stock Market News


Singapore charges 3 more suspects in Shell refinery oil heist

Sat, 13th Jan 2018 02:16


SINGAPORE, Jan 13 (Reuters) - A Singapore court on Saturday charged three men suspected of involvement in large-scale oil theft at Shell's biggest refinery, days after bringing charges against 11 under an extensive probe by authorities in the city state.

Singapore authorities have been conducting extensive investigations after Shell first contacted them in August 2017 about theft at its Pulau Bukom industrial site that sits just south of the country's main island.

Police have seized millions of dollars in cash and a small tanker in the sting operation involving simultaneous raids across Singapore.

A Singapore court charged 11 men including eight Shell employees and two Vietnamese nationals on Tuesday related to the theft following a weekend raid arresting 17 people.

The latest three to be charged also included a Vietnamese national. They are accused of receiving stolen property, with a combined value of S$896,444 ($676,510.45), at the Pulau Bukom site, where Shell has its largest refinery in the world, according to court documents.

The amount of oil products involved in the theft on two days in late 2017 were in addition to a combined 2,062 tonnes of gasoil valued at S$1.126 million specified in charges brought against the 11 on Tuesday. ($1 = 1.3251 Singapore dollars) (Reporting by John Geddie; Writing by Jack Kim; Editing by Simon Cameron-Moore)



(c) Copyright Thomson Reuters 2018. Click For Restrictions - http://about.reuters.com/fulllegal.asp





Back to Finance News


Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk




Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.