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
Gold worth Rs 1cr seized every week in Gujarat in 2024-25
Ahmedabad: Central agencies seized Rs 54.29 crore worth of gold in 52 weeks,...
Credit card fraud busted;gang of 14 arrested in Bangalore
The police have busted a fake credit card racket and arrested a gang of 14 in...
Illinois Man Denies Cancer Drug Smuggling Conspiracy Charge
An Illinois man pleaded not guilty Tuesday to conspiring with an online Canadian...
BSF Seizes Cosmetics, Medicines, Household Articles, And Clothes Worth More Than Rupees 51.50 Lakhs From The Bandhan Express Train During A Search Operation
On March 19, 2023, at 0930 hours, troops of ICP Petrapole, 145 Battalion under...


