From Reeves County, Texas: A grand jury has handed down indictments against the owner of an oil company. Derek Zubeldia, who is 44 years old, faces charges related to the theft of petroleum products and money laundering. The case involves a multi-year investigation into the illegal resale of crude oil.

The charges include theft of a large amount of petroleum product and money laundering. Further details are available from the source.

The investigation was a joint effort and the case is ongoing.