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Realtime News
Taiwanese man put on sanctions list for oil sales to North Korea
Posted on 2018-01-13 16:07:13
Chen Shih-hsien and overseas companies he is thought to control have been put
on a Taiwanese blacklist for allegedly selling oil to North Korea in
violation of United Nations sanctions imposed on Pyongyang last year.

Chen is suspected of chartering a Hong Kong-registered tanker through
Billions Bunker Group, which has the same address in Taiwan as Chen's
fishing companies in Kaohsiung, that allegedly transferred oil to a North
Korean ship in mid-October.

It was then seized by South Korean custom officials, setting off an
investigation in Taiwan.

Chen was questioned by Kaohsiung prosecutors on Jan. 2 but released on Jan.
3 on bail of NT$1.5 million (US$50,700) and barred from leaving the country.

According to local media, he has denied the allegations, saying he simply
made arrangements to sell oil through a Chinese middleman.

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