Guilty plea in $600 million catalytic converter theft ring
The seized catalytic converters are shown in the 2022 photographs provided by the Ministry of Internal Security.
Courtesy: Ministry of Internal Security
The New Jersey man was found guilty of leading a gigantic theft ring that played catalytic converters from the vehicles and sold them more than $ 600 million to a refinery that played catalytic converters from vehicles and produces precious metals found on the devices.
Accused, Navin KhannaThe last person who claims to be guilty in connection with the people who were subsequently exposed Tulsa, Police in OklahomaAfter a officer’s suspicion about the vehicle, he discovered approximately 130 catalytic converters in the bed of a truck they stopped in May 2021.
This stop came during catalytic converters, which are part of the exhaust systems of cars and contain valuable metals such as platinum, palladium and rhodium, during the country -wide increased theft.
The Ministry of Justice said that 41 -year -old Khanna accepted that DG automobile parts in New Jersey on Monday, and from May 2020 to October 2022, “Oklahoma, Texas and other states, New Jersey, a large amount of stolen catalytic converters,” he said.
One defense agreement Khanna, who was filed at the US Regional Court in Tulsa, said, “I sold most of them after purchasing these catalytic converters Dowa metals and miningA metal refinery that will then remove precious metals with powdered powder. “
CNBC, Burlington, New Jersey, the website, “since 2016” has played an important role in recycling in the United States, “said Dowa Metals’ten asked for a comment.
Dowa Metals is a Japan -based subsidiary Dowa Holdings Co.., Nikkei 225 is a component of the stock market index. The company was not accused of Khanna’s case.
Khanna was found guilty of a conspiracy to buy, own and throw stolen goods in inter -state trade, and five money laundering caused by the participation of the stolen goods plan.
Holmdel, New Jersey, the resident person is sentenced to 14½ years in prison.
A lawyer for Khanna did not respond immediately to CNBC’s request for comments.
On July 11, 2022, Luis Benitez set up one of the four new catalytic converters to a Chevrolet Silverrado in Johnny Franklin in California, California.
Justin Sullivan | Getty Images
As part of the claim agreement, Khanna agreed to deliver approximately 4 million dollars of cash and 11 luxury vehicles. Press release.
Authorities also “real estate property, senior jewels, golden rods and more than 200 catalytic converter palettes … During the execution of the search for expansion of Khanna’s properties”.
“The theft ring of Khanna, Khanna’s theft, has benefited by stealing catalytic transformatives in the northern part of Oklahoma, making the vehicle unusable,” for the northern part of Oklahoma. He said.
“I would like to thank our Tulsa Police Department and law enforcement partners for their irreplaceable efforts to bring this meaningless crime to justice.” He said.
The Ministry of Justice said he was guilty of the roles in the transformative theft plan and expects the punishment.
