"Record $10 Million Gold Smuggling Bust: Metal Parts Disguise Uncovered"

1 min read
Source: Jalopnik
"Record $10 Million Gold Smuggling Bust: Metal Parts Disguise Uncovered"
Photo: Jalopnik
TL;DR Summary

Hong Kong customs seized $10 million worth of gold disguised as machine parts on a cargo plane bound for Japan, marking the largest gold smuggling case in the city's history. The gold, concealed in air compressors and painted silver to evade detection, was intended to avoid Japan's 10-percent import tariff. A 31-year-old man, believed to be the mastermind behind the smuggling attempt, has been arrested and faces a potential seven-year prison sentence and a hefty fine if convicted.

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