Just Earth News | @justearthnews | 13 Mar 2018
New York City: A leaked United Nations report has stated that two Singapore firms have indulged in illegal trade with North Korea.
The final report is expected to be published this week, according to the BBC.
Singapore officials have said that they have initiated an enquiry.
According to new sanctions imposed by the UN on North Korea, the sale of luxury goods is banned. Singapore too has passed a similar rule.
Among the supplied goods were foreign spirits and wines.
The supply was continued as recently as July 2017, when UN has already banned such trade in 2016.
The under-fire companies have been identified as OCN and T Specialist, the BBC reported.
Meanwhile, Edmond Pereira, the lawyer of the two companies, has confirmed that his clients are undergoing an investigation.
- China-US trade talks conclude
- ‘New tech’ business model threatens decent work conditions, warns UN
- Global economy to see ‘steady’ growth of three per cent in 2019 despite risks, says UN
- Global creative economy shows resilience, growth: Report
- World Bank President steps down, Chief Executive assumes temporary role