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Oil Trader Jailed for Facilitating Commercial Fuel Export to N. Korea
The Straits Times
|March 22, 2025
He procured prohibited item knowing it was bound for Pyongyang in violation of UN law
An oil trader who met a ship agent over the course of his work later became the agent's supplier when the former started his own trading company in 2018.
He would help the agent's clients source petroleum products and sell the products to them at a higher price, before splitting his profits with the agent.
The oil broker, Justin Low Eng Yeow, later agreed to help procure gas oil, a type of commercial fuel, for another client in a deal that Kwek Kee Seng, the ship agent, had brokered.
Both Low, 56, and Kwek, 65, knew that the gas oil—a prohibited designated export item to Pyongyang—would be bound for North Korea.
On March 21, Low pleaded guilty to three charges in contravention of the United Nations (Sanctions—Democratic People's Republic of Korea) Regulations 2010, which is under the United Nations Act.
He was sentenced to 12 months and three weeks' jail.
Dit verhaal komt uit de March 22, 2025-editie van The Straits Times.
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