Record-breaking Gold Smuggling Bust: $10 Million in Gold Disguised as Machinery Seized
Originally Published 1 year ago — by Business Insider
Hong Kong customs officials seized over $10 million worth of suspected gold hidden in air compressors on a freight plane bound for Japan, marking the largest gold-smuggling case in Hong Kong in terms of seizure value. The gold had been carefully molded and concealed within the machinery, likely to evade Japan's import tariffs. A 31-year-old man was arrested in connection with the case, and gold is considered a valuable commodity by investors and criminal networks due to its stable value and ease of transformation for money laundering purposes.
