Dibran Hoxha Raises Suspicions of Fraud in Oil Imports: According to Him, This Is How the Scheme Is Suspected to Have Operated

Following today’s operation carried out by the Prosecutor’s Office and the Kosovo Police at more than 40 locations, analyst Dibran Hoxha reacted, saying that the investigation into the suspected money-laundering scheme through oil imports appears to be moving toward an epilogue.

Hoxha claims that the suspected mechanism worked in such a way that the oil was registered in documents as an import for Kosovo, but in fact was unloaded in Albania and then traded on the black market. According to his claims, the tankers were later filled with water and entered Kosovo in order to cover up the traces.

He also stresses that at an early stage the company Exfis had been mentioned as well, but according to him this was done unfairly. Hoxha adds that it remains to be clarified by the official investigation which companies will turn out to have been involved.

Hoxha’s post:

The criminal scheme of money laundering through oil imports seems to be reaching an epilogue, as the Prosecutor’s Office and the Kosovo Police today carried out an operation in 40 locations across the country to uncover this scheme.

How did the scheme work?

Tons of oil loaded for import into Kosovo, transiting through Albania, were month after month appearing as oil entering the country for market needs.

Since Albania has higher VAT and excise tax on oil, one or several importing companies had found a formula for manipulation.

1. On paper, the oil appeared to be imported into Kosovo.

2. The oil was unloaded in Albania and distributed on the black oil market.

3. The tankers were filled with water and entered Kosovo in order to cover up the crime.

The scheme began to look suspicious when the stocks of oil companies could no longer justify the allegedly imported oil, because market demand was not that high.

This news began circulating in Kosovo several months ago. At first, it seems unfairly, Exfis was mentioned as a participant in this scheme. But when “professional” journalists got information about whose trucks were caught in the fraud, they started keeping quiet.

Today, seeing which portal is publishing and then removing news about this economic crime (figures in the millions), the chances are that one of the biggest petroleum companies is behind this scheme.

Let’s see. 😉