LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

CORRECTED - Singapore charges 3 more suspects in Shell refinery oil heist

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Fri, Jan 19, 2018
10:05 pm
Reuters
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

(In January 13 story, Corrects to show that Sentek Marine & Trading’s managing director issued a note to employees as an internal memo and not a public statement. Also makes clear that Sentek Marine & Trading has not been charged and its name does not appear in court documents. Corrects Sentek’s spelling in 6th paragraph)

A Singapore court last 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.

The Singapore subsidiary of Royal Dutch Shell Plc first contacted the authorities in August 2017 about theft at its Pulau Bukom industrial site, 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, one of the world`s most important oil trading centres and a major refinery hub.

Earlier this week, a Singapore court charged 11 men including eight Shell employees and two Vietnamese nationals related to the theft following a weekend raid arresting 17 people.

Two of the three charged on Saturday worked at Sentek Marine & Trading Pte Ltd, one of Singapore`s biggest marine fuel suppliers.

According to an internal memo to all employees from the company’s Managing Director Pai Keng Pheng on January 13, Sentek has terminated the employment of the two, Marketing and Operations Manager Benny Ng Hock Teck and Cargo Officer Alan Tan Cheng Chuan.

   The investigation also found that one of the vessels used to transport the stolen oil products was Sentek 26, which is managed by Sentek Marine & Trading.

    The company was not charged or named in court documents.

The role of the third person charged on Saturday, a Vietnamese national, was not immediately disclosed by the court or the companies. A Shell spokeswoman said none of the men charged on Saturday was an employee of the company.

The three are accused of receiving stolen property, with a combined value of S$896,444 ($676,510.45), at Pulau Bukom site, where Shell has its largest refinery, according to court documents.

The amount of oil products involved in the theft on two days in late 2017 were in addition to more than 4,300 tonnes of gasoil valued at S$2.4 million specified in charges brought against other 11 suspects on Tuesday.

Court documents listed two vessels used in the transfer of stolen oil products on Nov. 11 and Dec. 31 at two wharfs at Pulau Bukom.

Sentek 26, which carries a Singapore flag, and MT Gaea have been travelling around the city state over the last 30 days, both making one journey down to the Indonesian island of Batam in late December, Thomson Reuters data shows.

The manager of the ship Sentek 26, Sentek Marine & Trading, was the biggest bunker fuel supplier in Singapore by volume last year, according to official data. Singapore is the world`s biggest marine refuelling stop.

Illicit oil trading is widespread in Southeast Asia where stolen fuel is sold across the region, often offloaded directly into trucks or tanks at small harbours away from oil terminals.

($1 = 1.3251 Singapore dollars)

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

LATEST NEWS

7th Pay Commission Latest News: Check out these vacancies notified by UPSC; salary up to Rs 1,77,500 plus DA and other allowances

Stock Market Outlook: Nifty, Bank Nifty crucial levels REVEALED; Anil Singhvi explains key reasons behind massive fall

CBSE exam 2021: Class 10, 12 students should know THESE 10 points before appearing for board exams

Sovereign Gold Bond Scheme 2021: Issue Price fixed at Rs 4,662/gm

Google fires 150 game developers hired for Stadia: Report

ISRO First Mission in 2021: Indian rocket to launch Brazilian satellite, PM Modi picture on spacecraft, space privatisation and more

Covid 19 2nd phase vaccination drive from March 1: EXPLAINED! Who are eligible, required photo identity, advance self-registration—All you need to Know

Pensioners ALERT: RUSH! Last date to submit digital life certificate tomorrow—Avail doorstep service from SBI, PNB, BoB and other banks

Maharashtra board exams for Classes 12, 10 to begin on April 23, 29

IIT Bombay releases GATE 2021 answer key—This is how you can check and raise objection

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved