China jails S'pore oil trader for 12 yrs over tariff evasion
A former Singapore-based managing director for Gunvor Group has been given a 12-year prison sentence in China for his role in evading Chinese tariffs on oil imports. Dikun Yin, a Singapore citizen, was found guilty of being involved in evading tariff payments of about 378 million yuan (â¹401 crore) related to 1.3 million tons of oil products imported into China.