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Luxury yacht builder fined for using blood teak imported from Myanmar

26 November 2024
in Europe
0
Luxury yacht builder fined for using blood teak imported from Myanmar
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Sunseeker International, a British luxury yacht builder, was fined £358,760 by a court for importing wood from Myanmar linked to the illegal timber trade, known as blood teak. This marks the first prosecution under the UK Timber Regulation (UKTR), post-Brexit legislation. The company pleaded guilty to charges of failing to exercise due diligence in timber sourcing, resulting in a total payment of £358,759.64 for fines and prosecution costs.

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Tags: bloodbuilderfinedimportedLuxuryMyanmarteakyacht
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