Car dealer’s CEO arrested for smuggling

bizhub

The CEO of Euro Auto company, an authorised BMW cars dealer in HCM City, has been arrested for allegedly smuggling luxury cars into the country.

Euro Auto CEO Nguyen Dang Thao. - Photo voh.com.vn

The CEO of Euro Auto company, an authorised BMW cars dealer in HCM City, has been arrested for allegedly smuggling luxury cars into the country.

The Ministry of Public Security’s Police Department of Economy and Corruption-related Crimes on Wednesday inspected the home and office of Nguyen Dang Thao, who has been the CEO of Euro Auto since November 2015.

In late 2016, authorities discovered many violations while examining the company’s car imports.

Euro Auto was found to sell imported cars even while the cars were waiting for the required customs clearance.

The company also failed to provide legal documents to prove the origin of many products, and allegedly used fake documents such as purchase contracts and receipts to import cars. — VNS

  • Share:

see also

VNs wood industry sees chances and challenges from US new trade policies

VN's wood industry sees chances and challenges from US new trade policies

Việt Nam''s wood industry will need to be flexible due to the anticipated new trade policies of US President-elect Donald Trump in the future, according to experts.
Fighting waste important to create resources for development: MoIT

Fighting waste important to create resources for development: MoIT

The Ministry of Industry and Trade will strengthen the effort on fighting waste to resources for sustainable and a breakthrough economic development in the new era, Deputy Minister Nguyễn Sinh Nhật Tân said at a forum held by Công Thương...
Vietnamese agricultural exporters focus on fulfilling orders at year-end

Vietnamese agricultural exporters focus on fulfilling orders at year-end

As the year draws to a close agricultural businesses across Việt Nam are prioritising the fulfilment of export orders, showcasing the nation’s strength in farming and agricultural production.
Lào Cai to become centre for regional trade cooperation

Lào Cai to become centre for regional trade cooperation

The plan is to turn the northern province of Lào Cai into a growth centre and one of the relatively developed provinces of the country by 2030.
UK a niche market for Vietnamese speciality coffee

UK a niche market for Vietnamese speciality coffee

The DakLak September 2nd Import-Export Company Limited (Simexco DakLak) said the UK is a strategic market for its speciality coffee products.