P5-billion smuggling case filed vs listed oil company
The Bureau of Customs (BoC), in a complaint submitted to the Justice department, claimed Phoenix Petroleum Philippines, Inc. had defrauded the government via non-payment of excise and value-added taxes as well as non-submission of import documents.Charged under the Run After the Smugglers (RATS) program was Phoenix Petroleum President and CEO Dennis Ang Uy. Jorlan Capin Cabanes, a Davao-based Customs broker, was also included in the charge sheet alleged collusion, the BoC said in a statement.Customs Read more [...]