India Seeks Hong Kong Help in $20m Diamond Probe

By John Jeffay / May 19, 2022 / www.idexonline.com / Article Link

(IDEX Online) - Investigators in India probing an alleged $20m diamond scam are seeking help from authorities in Hong Kong.The Central Bureau of Investigation (CBI) has sent judicial requests for assistance after diamonds were allegedly imported with vastly-inflated fake invoices as part of a money laundering racket.Three customs officers at Mumbai International Airport and another 14 individuals and companies, are alleged to have been involved in importing the diamonds from Hong Kong in June and July 2019, according to the CBI.They were invoiced at Rs 156 crore ($20m), but their true value was just Rs 1 crore ($129,000), according to a report in India Today.The CBI has sent letters rogatory to Hong Kong -  a legal plea from a court of one country to another seeking assistance in its investigation.

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok