Hong Kong Nabs Suspects in Major Smuggling Case

By Rapaport News / December 02, 2020 / www.diamonds.net / Article Link

RAPAPORT... Hong Kong customs officials seized 162 diamonds at a border with China last week, claiming the stones had been smuggled in a driver's trouser pocket.The goods had a market value of around HKD 6.4 million ($826,000), making it the largest diamond-smuggling case Hong Kong authorities had detected in the past three years, the Customs and Excise Department said in a statement Friday.Officers intercepted a truck at Heung Yuen Wai Control Point, a crossing between Hong Kong and Shenzhen, and arrested the 33-year-old male driver, the statement reported. They later arrested another 33-year-old man in Sham Shui Po, a neighborhood of Hong Kong, in connection with the ongoing investigation."Customs will continue to take stringent enforcement action against cross-boundary smuggling activities through risk assessment and intelligence analysis," the department continued. "Smuggling is a serious offence."The penalty for this type of crime is a fine of up to HKD 2 million ($258,000) and seven years' imprisonment, it noted.The incident comes after Chinese officials arrested 121 people in September in connection with alleged smuggling of diamonds. The suspects were accused of bringing CNY 3.88 billion (around $570 million) in goods into the country via illegal means since 2015. Image: The 162 seized diamonds. (Hong Kong Customs and Excise Department)

Recent News

Smaller juniors still financed even in more cautious market

January 13, 2025 / www.canadianminingreport.com

Gold stocks shrug off equity market decline on metal gain

January 13, 2025 / www.canadianminingreport.com

Geopolitical risk outlook unclear after US election

January 06, 2025 / www.canadianminingreport.com

Low valuations offer a cushion to mining sector

January 06, 2025 / www.canadianminingreport.com

Polarized gold and iron ore moves, moderate aluminum and copper gains

December 30, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok