Seafood News Supply & Trade

Shetland Catch left ‘out of pocket’

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By SeafoodSource staff
19 April, 2012 - A Shetland company at the heart of a major “black fish” scam has claimed participation left them millions of pounds out of pocket.

Shetland Catch Ltd. has admitted illegal landings of fish valued at tens of millions of pounds passed through the processing plant in Lerwick.

A confiscation hearing at the High Court in Edinburgh is expected to continue for several days.

Defence QC David Burns said the firm had already paid a heavy price.

Shetland Catch cannot be fined until the question of compensation has been decided.

Judge Lord Turnbull was told that Shetland Catch was resisting an attempt by the Crown to confiscate GBP 6 million. Mr. Burns agreed that scheme had earned the firm more than £6m but insisted that was not the whole story. He said that Shetland Catch had paid tax on illegal earnings.

Click here to read the full story from BBC News >

Click here to read SeafoodSource Contributing Editor Jason Holland’s 2 March commentary  “Seismic change’ in UK’s pelagic fishery” >

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