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
75kg gold seized in Benapole
Members of Border Guard Bangladesh in separate raids seized 635 pieces of gold...
Thane police seize imported cigarettes worth Rs 54.31 lakh, case registered against shop owner
Thane: The Thane crime branch unit 1 raided a store in Ulhasnagar and seized 2418...
Ringleader of counterfeit goods outfit sentenced to 30 months in prison
A counterfeit goods ringleader has been sentenced to a total of two and a half...
Illicit tobacco: Three retailers share their experiences
Illicit cigarettes account for approximately one in six of those smoked in the UK...