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Ex-Shell employee involved in misappropriating gas oil worth US$36mil

Sadagopan Premnath pleaded guilty to four charges of conspiring to misappropriate gas oil from the company. - ST SINGAPORE (The Straits Times/ANN): A former employee of oil giant Shell Eastern Petroleum on Tuesday (Dec 15) admitted to being involved in a conspiracy to misappropriate about US$36.1 million (S$49.1 million) worth of gas oil. Indian national Sadagopan Premnath, 40, pleaded guilty to four charges of conspiring to misappropriate gas oil from the company. Five other similar charges will be taken into consideration during his sentencing. Sadagopan received about US$150,000 for his involvement in the plot and has not made restitution to Shell.

Former Shell employee admits conspiring to embezzle S$49m worth of gas oil from Pulau Bukom site

Former Shell employee admits conspiring to embezzle S$49m worth of gas oil from Pulau Bukom site Toggle share menu Advertisement Former Shell employee admits conspiring to embezzle S$49m worth of gas oil from Pulau Bukom site Advertisement Singapore Former Shell employee admits conspiring to embezzle S$49m worth of gas oil from Pulau Bukom site FILE PHOTO: A general view of Shell s Pulau Bukom petrochemical complex in Singapore on Jul 15, 2019. (File Photo: REUTERS/Edgar Su) 03 Feb 2021 02:34PM) Share this content Bookmark SINGAPORE: A former Shell employee who was part of a syndicate that routinely embezzled millions of dollars worth of gas oil from the Pulau Bukom manufacturing site for sale to other vessels pleaded guilty to his involvement on Tuesday (Dec 15).

Indian man confesses to involvement in misappropriation of $36 1 million worth of oil in Singapore

Indian man confesses to involvement in misappropriation of $36.1 million worth of oil in Singapore Indian man confesses to involvement in misappropriation of $36.1 million worth of oil in Singapore An Indian man on Tuesday pleaded guilty to his involvement in misappropriation of SGD 49 million (USD 36.1 million) worth of gas oil at a multinational refinery in Singapore. He is the first Shell employee involved in the heist to admit to the charges. advertisement UPDATED: December 15, 2020 21:06 IST The accused will return to court for mitigation and sentencing in February. (Image for representation: Reuters) A 40-year-old Indian man on Tuesday pleaded guilty to his involvement in misappropriation of SGD 49 million (USD 36.1 million) worth of gas oil at a multinational refinery in Singapore. The case also involves several other employees at the refinery.

REFINERY NEWS ROUNDUP: Refineries in India ramp up runs | Hellenic Shipping News Worldwide

REFINERY NEWS ROUNDUP: Refineries in India ramp up runs Refineries in India have been ramping up runs after demand for products, excluding jet, reached pre-coronavirus levels. Average capacity utilization for all categories of refineries in India improved to 87% in October compared with 86% in the previous month, showed the latest survey of the oil ministry Nov. 25, reflecting gradual improvement in oil demand as Asia’s third-largest economy unlocks. However, the October run was lower than the previous year’s run rate of 104%. In October, state-run refineries recorded 89% run compared with 104% from a year ago and 83% in September. Private refineries recorded 80% run in October compared with 103% a year-ago and 89% in September. The private refiners’ lower run rate was mainly due to lower processing at Reliance operated export focused unit at 82% after maintenance shutdown of a Crude Distillation Unit at its Jamnagar complex and a poor run of Rosneft part-owned Nayara Energy

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