Customs have busted a move to clear a Rs. 300 million consignment of sugar by producing documents not endorsed by the bank. Customs Director General Neville Gunawardena told the Sunday Times that a senior officer has been appointed to investigate the racket. At least three people including one who acted as the importer, but was [...]

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Customs bust Rs. 300 million sugar racket, launch probe

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Customs have busted a move to clear a Rs. 300 million consignment of sugar by producing documents not endorsed by the bank.
Customs Director General Neville Gunawardena told the Sunday Times that a senior officer has been appointed to investigate the racket.

At least three people including one who acted as the importer, but was unable to read or write and another who helped to obtain the unapproved documents for the clearance of the stock sent by a Singapore-based company, have been arrested, according to Customs sources.

The detection followed a complaint by other sugar importers that there were attempts to clear a large stock of sugar and release it to the market at a lower price undercutting the legitimate businessmen.

The sources said the probe will look into whether some Customs officials were involved in helping to clear the stocks.
The Sunday Times learns that the attempt was made to clear the stocks by submitting an unendorsed bank document which would have deprived the exporter the payment for the stock. The shipment had arrived from a port in Thailand.
The stocks, part of which was in warehouses and the rest being transported in containers, have been seized, pending the investigations.




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