"Record-breaking Gold Smuggling Bust in Hong Kong"
TL;DR Summary
Hong Kong authorities seized over $10 million worth of gold, disguised as machine parts, in the city's largest gold smuggling bust. The gold, molded and camouflaged as part of two air compressors, was intended to be shipped to Japan to evade import tariffs. A 31-year-old has been arrested in connection with the case, and investigations are ongoing. This comes amid a surge in gold prices, with the commodity hitting successive record highs in 2024.
- Hong Kong seizes over $10 million worth of gold disguised as machine parts in record smuggling bust CNBC
- Suspected smugglers were caught trying to hide $10 million of gold by painting it silver and disguising it as machinery on a cargo plane Yahoo! Voices
- Hong Kong makes largest-ever gold smuggling bust AOL
- And finally… caught gold handed Scottish Financial News
- Hong Kong Customs busts largest gold-smuggling case on record China Daily
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