International supergang makes $21bn on oil smuggling
2 April 2024 16:16
Greek police have arrested a leading member of an international gang involved in smuggling Latin American fuel products for illegal sale around the world. The gang has already earned more than $21 billion from its activities, Komersant ukrainskyi 
reports with reference to Reuters.
The gang member, an Italian citizen for whom Interpol had issued an arrest warrant, was found on Friday in a suburb in southern Athens, a police official said on condition of anonymity. The man was arrested to be extradited to Venezuela, where he will be tried for illegal transportation and trade in resources of strategic importance.
The gang stole fuel products that were loaded onto its oil tankers from Latin American ports and disabled tracking transponders to deceive transport brokers, police said in a statement.
The criminal organisation made more than $21 billion in profits from the smuggling, harming both the brokers and their countries, police said.
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