DTC Ends Suspension to Sightholders
By JCK Online Staff -- JCK Online, 1/22/2008 8:09:00 AM
The Diamond Trading Company, in a brief statement Tuesday, said it has ended the suspension of six sightholders in relation to what is known as the "Brenig case."
The DTC said it made the decision after conducting interviews with each sightholder implicated in the case.
"Considering each separate case on its merits, the DTC can confirm that it is lifting its suspension of supply to the sightholders concerned on confirmation, where relevant, that appropriate remedial action has been taken," the statement read.
On Jan. 8, the DTC suspended supply to sightholders following the Antwerp Court of First Instance ruling in the Brenig case. Approximately 12 sightholders—six of them DTC sightholders, four of them reportedly added to the sightholder list and two were removed from the list in December—were convicted of fraud, fictitious invoicing, and smuggling between 1994 and 1999. They received six-month suspended sentences.
BHP Billiton also ceased supplying some of its clients involved in the case.
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