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Hong Kong uncovers a gold and silver smuggling case worth HKD 230 million, the largest smuggling precious metals case on record
Deep潮TechFlow News, March 6 — According to Caixin, Hong Kong Customs announced that they recently uncovered two suspected gold smuggling cases via air transport at Hong Kong International Airport. Approximately 168 kilograms of suspected gold bars and about 285 kilograms of suspected silver bars were seized, with an estimated total market value of around HKD 230 million. Based on the value of the smuggled goods, this is the largest gold smuggling case ever recorded by Hong Kong Customs. Under Hong Kong’s Import and Export Ordinance, smuggling is a serious offense. Anyone who imports or exports unlisted cargo without a manifest, upon conviction, can face a maximum fine of HKD 2 million and up to 7 years in prison.