CEO gets 10 years on smuggling charges
A CEO in HCM City was sentenced to 10 years behind bars yesterday after attempting to evade more than VND1 billion (US$45,500) in taxes.Nguyen Nguyen Ly, former CEO of the Dai Duong Xanh Co., claimed to be importing organic products from Singapore worth more than VND100 million (US$4,500) for wastewater treatment.
Customs checks a day later discovered that the actual content of the shipment was 218 Panasonic air-conditioners worth more than VND2.5 billion ($113,600).
http://vietnamnews.vn/society/273023/ceo-gets-10-years-on-smuggling-charges.html
Related Posts
HP seized fake products worth Rs 80 crores in India
HP has announced that it was able to seize counterfeit products worth Rs 80...
Tunisia: Nearly 100 Thousand Counterfeit Products Destroyed
Nearly 100 thousand counterfeit cosmetic, electronic and stationery products were...
India rejects claims it exported fake medicine to Africa
javascript:nicTemp();Indiahas denied claims that it has exported large...
Amazon Give Power to Brands to Eliminate Fake Goods from Website
In order to eliminate fake and counterfeit listing, Amazon will hand over direct...