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
Romania Turns up Heat on Cigarette Smuggling
Armed with state-of-the-art sensors and surveillance cameras, authorities in...
Fifth person charged in plot to smuggle narwhal whale tusks into US, says Department of Justice
BANGOR, Maine — The U.S. Department of Justice announced Friday that a fifth...
FBR launches crackdown against counterfeit cigarettes
The Federal Board of Revenue (FBR) has launched countrywide crackdown against...
The lowdown on fake wheels
Fake, according to the Webster dictionary, is something that is not genuine, a...