Hong Kong customs seizes HK$100 million of precious metals in 2 smuggling cases
Customs investigator describes one case as using ‘rarely seen’ tactic of disguising suspected gold as alloy discs hidden inside tea trays
Hong Kong customs officers have seized HK$100 million (US$12.9 million) worth of precious metals in two air freight smuggling cases, including 60kg (132lbs) of suspected gold and silver alloy discs hidden inside ceramic tea trays bound for Japan in a “rarely seen” tactic.
On October 3, officers at the airport inspected a shipment of 126 ceramic tea trays and found unusually heavy black metallic discs embedded in their tops.
Scraping off the coating revealed a silver-coloured alloy weighing 60kg, later confirmed to contain 30 per cent gold and 70 per cent silver, with a value of HK$20 million.
Investigator Anthony Ho Ting-chun of the Customs and Excise Department’s syndicate crimes investigation bureau said on Wednesday that the sender was a shell company registered late last year, likely to have been set up to evade Japanese import taxes.
He described the tactic as “rarely seen” by Hong Kong customs, adding that the perpetrators could have potentially dodged HK$2 million in duties.
In a separate case on October 16, customs intercepted a shipment declared as garment materials and fabric samples bound for Vietnam.