The role of large underground banks, rare earth smuggling route exposure

Rare known as " industrial MSG " and "new materials of the mother" , widely used in optical , electronic information , new materials , aerospace , machinery manufacturing, new energy, nuclear industry and other high-tech fields , is a precious strategic resources. Inner Mongolia is the main producing areas of China's rare earth , has the world's largest rare earth mine .

August 17, 2012 , Baotou customs branch to obtain information : Baotou a larger private companies suspected of rare earth materials production route through Guangxi, smuggling of rare earth to Vietnamese enterprises . Then after nearly a year of investigation and evidence collection , the case was finally solved. Five suspects were arrested and two others are being pursued .

According to China's rare earth export management of the relevant provisions of rare earth products only through designated ports and other ports of export in Hohhot , Guangxi province crossings are not within the scope of the designated ports .

Baotou Customs Bureau survey showed that from December 2011 onwards, Baotou foresaw this enterprise in Vietnam KAD company to buy rare earth products smuggled in the case , still do not issue VAT invoice price and the latter reached sale and Purchase Agreement , has six batches of rare earth products will be illegal to sell to KAD companies, including 20 tons of cerium carbonate , lanthanum, cerium misch over 110 tons .

Survey shows that Vietnam is a company engaged KAD turn Hong Kong trade enterprises. Because illegal transactions , buyers and sellers strong psychological vigilance , has taken many anti- detection measures . Two companies to trade in the process, both by e-mail to contact to negotiate , never signed a paper contract ; domestic company is located in Bayan Nur City, corporate purchasing rare earth products, but also by telephone to an oral agreement manner, even cargo warehousing, storage , and domestic transportation and other aspects of the document is also not retained .

"However, we repeated the header and through Nanning, Guangxi , Pingxiang , Dongxing District Housing Nang City and other places verifiable evidence, or a little thrown off their camouflage . " Baotou customs branch office Qu Feng said .

Involved in handling the case of Hohhot Customs Bureau investigators everywhere longer than Yang et al , said buyers and sellers in order to evade customs supervision and other departments , as well as to put its transactions disguised as " domestic trade " , each transaction the buyer selected to play shall sites are in Guangxi Province. In addition, each KAD trading company staff do not come forward to directly play money , but hiring a Vietnamese behalf play money to Pingxiang, Guangxi and other places of underground banks , and then by underground banks the money remitted Baotou accounts.

" KAD trading company shall fight for this Vietnamese dons , we have so far failed to grasp their personal information , which used to only be found in the underground banking remittance bank account funds immigration channels into fans . " the investigators said .

According to reports, payment settlement smuggling channels , underground banks directly to the seller as a key role of remittances . Similarly , for evading regulatory considerations, Baotou Rare Earth materials , this company offers to the buyer 's receiving account , nor is its enterprise dedicated account for daily use , but to provide a personal account of social workers receiving remittances each transaction .

"Both companies are intentionally, intention is to do everything possible to hide the information submerged funds between the two sides , in order to conceal their smuggling. " Qu Feng said .


Rare Earth Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

• < Prev
• Next >