Singapore arrests 17 suspected in Shell oil heist

FILE - In this Sept. 30, 2011, file photo, part of the Royal Dutch Shell refinery is seen on Pulau Bukom, five kilometers (3 miles) off Singapore. Singapore police said Tuesday, Jan. 9, 2018, they have arrested 17 men suspected of involvement in stealing oil from Shell's largest refinery in the world. Police also seized $2.3 million and an oil tanker in connection with the case. (AP Photo/Wong Maye-E, File)

SINGAPORE — Singapore police have arrested 17 men suspected of involvement in stealing oil from the largest Shell refinery in the world.

Police said Tuesday that they also seized $2.3 million and an oil tanker in connection with the theft, which was first reported in August.

Singapore media reported that that nine of the men were charged with criminal breach of trust and could face up to 15 years in jail if convicted. Two Vietnamese were accused in court of receiving stolen goods and could face up to five years in jail, local media said.

Shell has not said how much oil was taken. It said in a statement that those detained included "a limited number of Shell employees."

A police statement said the 17 men, aged 30-63, were detained Sunday. It said police are seeking to freeze the suspects' bank accounts.

The oil came from Shell's Bukom industrial site, located on an island southwest of Singapore. It is the company's largest petrochemical production and export center in the Asia-Pacific.

Theft of oil and of oil tankers has been a chronic problem in piracy-prone Southeast Asia for years.

You may also interested in

Indonesia president urges military to stay out of...

Oct 5, 2017

Indonesia's president has urged the military to stay out of politics and remain loyal to the...

Pulp giant stirs new conflicts with Indonesian...

Dec 21, 2017

Less than five years after it pledged to end dozens of disputes over land and gain local consent...

Mezzanine collapse inside Jakarta tower hurts...

Jan 15, 2018

A mezzanine floor inside the Jakarta Stock Exchange tower collapsed on Monday, injuring nearly 80...

Asian markets mixed ahead of Trump's inauguration

Jan 20, 2017

Asian markets are mixed in cautious trading ahead of the inauguration of President-elect Donald...

Global shares steady ahead of Trump's inauguration

Jan 20, 2017

Shares in Europe and Asia are mixed in cautious trading ahead of the inauguration of...

People also read these

The Latest: Tourists look for flight info or...

Nov 28, 2017

Thousands of tourists remain stuck on Indonesia's island of Bali after its airport was closed for a...

Bali volcano ash drifts 4.7 miles high, airport...

Nov 29, 2017

An erupting volcano with a deadly history on Indonesia's Bali island has spread drifting ash 7,600...

Bali flights resume, but volcanic ash still...

Nov 30, 2017

Flights trickled out of Bali a day after its airport reopened but the erupting volcano there shut...

Stranded in Bali tourists lampooned online for...

Dec 1, 2017

Australian tourists who complained about being stranded on tropical Bali when volcanic ash closed...

Mezzanine collapse inside Jakarta tower hurts...

Jan 15, 2018

A mezzanine floor inside the Jakarta Stock Exchange tower collapsed on Monday, injuring nearly 80...

About Us

Pioneered by experienced entrepreneurs, bankers and software engineers, BursaKL stand tall to bring you the latest state of business and finance from Malaysia and all over the world.

Contact us: sales@bursakl.com