Chinese online retailer selling luxury goods reportedly arrested on smuggling charges
The founder of an online Chinese luxury retailer has been arrested after being charged with smuggling 438 million yuan ($65.67 million) worth of goods into the country, the official China Daily reported on Monday, citing the customs authority.
Ji Wenhong, the founder of Xiu.com, an online e-commerce website that specializes in imported luxury goods, was captured in Indonesia and returned to China, where he will face trial, the newspaper said.
Ji is accused of being the head of a smuggling operation in which luxury clothing items purchased in Europe and the United States were carried into China via Hong Kong and made to look like personal possessions in order to avoid duties.
https://www.cnbc.com/2017/08/20/china-online-retailer-arrested-on-smuggling-charges-says-report.html
Related Posts
In brief: Yet more seizures in NFL fakes crackdown
Over the last week, federal agents in the US have seized $1.5m worth of...
Maharashtra: Indian Made Foreign Liquor worth Rs 91.73 lakh seized in Palghar
The Palghar district rural police in Maharashtra seized Indian Made Foreign...
Four-fold rise in cigarette smuggling into India: WHO
Cigarette smuggling into the country increased four-fold (by value) between 2012...
Counterfeiting – Damages, Responsibilities And Solutions
Diesel recently announced that they have won a lawsuit against Cosmos World after...