Hong Kong customs makes largest-ever gold smuggling bust
- Hong Kong customs seized 146kg of smuggled gold disguised as machine parts bound for Japan. The estimated worth is $10.7 million.
- The goal of the smuggling operation was to evade import tariffs in Japan, saving over $1 million. A 31-year-old man was arrested in connection to the case.
- This is the largest gold smuggling bust in Hong Kong's history. Prices of gold have been rising due to geopolitical uncertainties, reaching record highs in 2024.
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Leaning Left3Leaning Right1Center6Last Updated29 days agoBias Distribution60% Center
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