$10 Million Gold Smuggling Scheme Unveiled by Hong Kong Customs Hong Kong authorities made their largest gold smuggling bust, confiscating $10.7 million worth of gold cleverly disguised as machine parts destined for Japan. The 146 kilograms of gold were ingeniously molded into shapes resembling screws and cylinders, painted to look like parts of air compressors in an airplane’s cargo. The discovery was made during a routine examination on March 27, leading to the arrest of a 31-year-old man connected to the smuggling operation. While the suspect has been released on bail, the case highlights the lengths smugglers will go to in circumventing customs laws, which could result in up to seven years of imprisonment and a $2 million fine for those convicted. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Poll: Two-Thirds of Middle-Class Americans Struggle Financially READ MORE Oil Prices Decline with Biden's Withdrawal and Fed Rate Cut Prospects READ MORE US Treasuries Boom: Paying Out $2 Million Per Minute Amidst Rising Yields READ MORE Gold Rally Continues nearing $2,500 with Traders Betting on Fed Rate Reductions READ MORE LVMH Shines with Record Revenue in Jewelry Sales READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment