Nearly 900,000 counterfeit Ray-Ban, Oakley sunglasses seized

BANGKOK -- Police in Thailand announced Thursday they seized almost 900,000 counterfeit brand-name sunglasses at a warehouse where they also arrested two Chinese nationals accused of importing them from China.

See Full Article

Thailand's Department of Special Investigation said the 895,897 sunglasses were purported to be famous brands such as Ray-Ban, Oakley, Louis Vuitton and Christian Dior.

It said the raid Wednesday also found fake stamps, stickers and labels that were part of the counterfeiting operation. Police explained that the sunglasses were imported from China, either whole or as parts, and had tags and stickers applied in Bangkok to make them seem as if they were brand-name goods.

A police attache from the Italian Embassy in Thailand took part in a news conference announcing the raid. An Italian company, Luxottica Group, is the owner of several well-known brands, including Oakley and Ray-Ban, and holds contracts for many more.

The announcement said one of the suspects, Hong Jee Zu, had been convicted of similar offences before and DSI would seek to have his visa revoked.

Thailand is a big producer and market for counterfeit products, leaving it vulnerable to trade sanctions from countries that make legitimate products. The government's Intellectual Property Office, which took part in the raid, has recently stepped up its activities as Thailand seeks to be removed from a U.S. watch list of countries where intellectual property violations are severe.



Advertisements

Latest Economic News

  • Toronto Millennials dream of backyards but are stuck in condos: report

    Economic CTV News
    Toronto Millennials are the most educated group in Canada, but high housing costs are keeping some of the country’s most qualified workers in their parents’ basements or pushing them out of the province altogether, a new report suggests. Source
  • Facebook's Mark Zuckerberg apologizes to EU lawmakers over data leak

    Economic CBC News
    Facebook boss Mark Zuckerberg apologized to European Union lawmakers on Tuesday for a massive data leak, in his latest attempt to draw a line under a scandal that has rocked the world's biggest social media network. Source
  • What your kids should know about money in kindergarten, grade school and high school

    Economic CTV News
    Too many Canadians are reaching adulthood without the skills to successfully manage their financial futures, according to personal finance coach David Lester. The best way he sees to build that knowledge is for parents to start schooling their kids about money as early as possible. Source
  • The New York Stock Exchange just named its first female president in its 226-year history

    Economic CBC News
    The New York Stock Exchange for the first time in its 226-year history will be led by a woman. Stacey Cunningham, who started her career as a floor clerk on the NYSE trading floor, will become the 67th president of the Big Board. Source
  • New York Stock Exchange just named the 1st female president in its 226-year history

    Economic CBC News
    The New York Stock Exchange for the first time in its 226-year history will be led by a woman. Stacey Cunningham, who started her career as a floor clerk on the NYSE trading floor, will become the 67th president of the Big Board. Source
  • Ex-Valeant, Philidor executives convicted of kickback scheme

    Economic CBC News
    A former Valeant Pharmaceuticals International Inc executive and the former chief of mail order pharmacy Philidor Rx Services were found guilty on Tuesday of defrauding Valeant through a multimillion-dollar kickback scheme. The verdict, handed up by a jury in Manhattan federal court, comes on the heels of Valeant's announcement that it will change its name to Bausch Health Companies Inc as it seeks to distance itself from a series of scandals under its previous management. Source
  • Women cite 'grass ceiling' in male-dominated weed industry

    Economic CTV News
    JUNEAU, Alaska -- When Danielle Schumacher attended her first convention of marijuana activists about 15 years ago, she could count on one hand all the women in a room of older men. The lack of diversity struck the then-college student, who remembers feeling out of place but also determined to make her mark. Source
  • Airlines caving to Beijing despite White House protest

    Economic CTV News
    SHANGHAI -- Global airlines are obeying Beijing's demands to refer to Taiwan explicitly as a part of China, despite the White House's call this month to stand firm against such "Orwellian nonsense." The Associated Press found 20 carriers, including Air Canada, British Airways and Lufthansa, that now refer to Taiwan, the self-ruled island that Beijing considers Chinese territory, as a part of China on their global websites. Source
  • McDonald's workers in U.S. file sex harassment claims

    Economic CTV News
    NEW YORK -- Energized by the #MeToo movement, two national advocacy groups are teaming up to lodge sexual harassment complaints against McDonald's on behalf of 10 women who have worked at the fast food restaurant in nine cities. Source
  • OREA isn't backing down from GTHA affordability messaging after TREB controversy

    Economic CTV News
    TORONTO -- The Ontario Real Estate Association isn't backing away from its campaign on the lack of housing affordability in Toronto, even after harsh criticism from the province's largest real estate board. On Tuesday, OREA executives unveiled a Ryerson University report, which it sponsored, that found millennials in the Greater Toronto and Hamilton area are living with their parents longer as they struggle to find affordable houses in a market with limited supply. Source