Gold bars worth HK$11 million seized in latest wave of Hong Kong precious metal smuggling busts

A Hong Kong man was caught entering the city from mainland China with HK$11 million (US$1.4 million) worth of undeclared gold in his car boot on Wednesday, the latest is a surge of precious metal smuggling cases this year, already up almost 120 per cent on the whole of last year.

More than HK$100 million worth of smuggled precious metals – mostly gold – has been confiscated at the city’s cross-border checkpoints since January. Officials have attributed the surge to…

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