Italian mastermind of $21B oil smuggling ring arrested in Athens

Italian mastermind of $21B oil smuggling ring arrested in Athens

Petroleum products allegedly originated from South America, transferred to Asian ports

By Ahmet Gencturk

ATHENS (AA) - An Italian mastermind of a $21 billion oil smuggling ring was arrested in Athens, Greek weekly To Vima reported on Sunday.

The 47-year-old of Italian citizen, whose name was not revealed, was leading the organization involved in smuggling of petroleum products internationally.

The illegal network included oil tankers owners operating under legitimate shipping companies who obtained petroleum products from the ports in South America, and covertly transferred them to other ships in Asia.

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