top of page
  • Writer's pictureBy The Financial District

HK Makes Largest-Ever Gold Smuggling Bust

Hong Kong authorities have made the city's largest-ever gold smuggling bust, seizing 146 kilograms of the precious metal disguised as machine parts for air compressors, Hannah Ritchie reported for BBC News.


The haul is estimated to be worth more than $1 million (£8 million) and was intercepted last month en route to Japan.



The haul is estimated to be worth more than $1 million (£8 million) and was intercepted last month en route to Japan.


A 31-year-old man has been arrested and released on bail pending further investigations. Smuggling is a serious offense and carries up to seven years in jail under Hong Kong law.


Customs officials say they made the discovery while examining two air compressors - departing in a cargo shipment to Japan on March 27- which drew suspicions due to their unusual texture and weight.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

An examination ultimately found both were riddled with gold that had been "molded and camouflaged" into parts such as gears, screws, and motor cores, according to a government statement on Monday.




Optimize asset flow management and real-time inventory visibility with RFID tracking devices and custom cloud solutions.
Sweetmat disinfection mat

留言


bottom of page