16 detained in gold smuggling case
Customs authorities have detained 16 people in east China’s Fujian Province in connection to a gold smuggling case worth about 820 million yuan (about 116 million U.S. dollars).
The gang illegally exported about three tonnes of gold and related products, according to the administration of customs in Fuzhou, the provincial capital.
Since February 2017, the gang members purchased a large amount of gold in several localities and assembled the gold into audio decoders. After transporting the decoders to Hong Kong, the members dissembled the gold from the decoders and sold it to gold purchasing companies in Hong Kong.
The gang members are also suspected of illegally collecting export tax rebates worth about 120 million yuan.
http://www.xinhuanet.com/english/2020-05/11/c_139047171.htm
Related Posts
West Bengal: 3 arrested for printing counterfeit US dollars in Burdwan, BJP says TMC linked to the racket
On Thursday (May 19), the police had busted a factory, printing fake currency,...
Man smuggled more than 4 million cigarettes in hollowed-out Gib board pallets
An Auckland man hid more than four million undeclared cigarettes in Gib board...
North Korean diplomat kicked out for smuggling.
Han Son Ik, the first secretary of the North Korean embassy in Dhaka, has been...
US and UK sanction gold smuggler Kamlesh Pattni
An international gold smuggling and money laundering network exposed by Al...