Monday, August 17, 2009

Two more Texas firms implicated in thefts from Pemex pipelines

HOUSTON - Valley Fuels and Continental Fuels have ties to a smuggling scheme involving stolen petroleum products from Mexico, according to U.S. authorities.
Valley Fuels denies the claim.
Government officials confiscated funds from bank accounts of the two companies as part of an investigation of the sale of stolen natural gas condensate, court records show.
However, Jim McAlister, a prosecutor in the case, said the seizures do not indicate that the U.S. believes the firms knew the products were obtained illegally.
Valley Fuels has said the funds seized by the government were not the result of illegal sales of condensate, according to court records.

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