RING BINDER SCAM
December 1st, 2003
BY KEITH NUTHALLTHE EUROPEAN Union's anti-fraud agency OLAF has revealed a lucrative scam involving the illicit import into Europe of millions of Chinese ring-binders. These were falsely labelled as having been made in Thailand, enabling their manufacturers to evade 78.8 per cent anti-dumping duties imposed on Chinese manufacturers who have been exporting cut-priced ring-binders to Europe, harming local manufacturers. OLAF says that Chinese exporters sold them to Thai co-conspirators, to sell on as made-in-Thailand, free of the duty, losing EU exchequers Euro 3 ...
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