The big business of deception
Worldwide, counterfeiting accounts for more than half a trillion dollars, or 5% to 7%, of world trade each year. Counterfeiters are involved in the illegal production of knock-offs in virtually every conceivable area – food, clothes, pharmaceuticals, toys, health & wellness products, bath & beauty products, and much more. Often the temptation of bargain basement pricing can be too strong for consumers to resist, with many not understanding the risks and ramifications attached to this illicit industry.
Related Posts
Two Chinese among 4 held for smuggling gold worth Rs 5.45 crore at Delhi airport: Customs
New Delhi: Two Chinese nationals were among four passengers who were arrested...
Gambian diplomats convicted in UK embassy tobacco racket
A group of Gambian diplomats were convicted on Monday for ordering 26 tonnes of...
Three more held in fake memory card racket
Three more persons were arrested by the Kurla Government Railway Police (GRP) in...
Illicit trade, an invisible enemy: MP S Dev
“Tax evasion needs to be seen as an anti-national act and illicit trade should be...


