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January 9, 2025
PI Global Investments
Gold

Hong Kong makes its largest-ever gold smuggling bust


Gold was concealed as air compressor parts

Source: Hong Kong Customs and Excise Department

In Hong Kong’s largest gold smuggling bust, the city authorities seized an estimated $10.7 million worth of the precious metal that had been concealed as machine parts being shipped to Japan.

According to a government statement on Monday, 146 kg of gold had been “molded and camouflaged” as part of two air compressors in the cargo of an airplane parked in the city.



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