Hong Kong Authorities Seize $10 Million in Gold Disguised as Machine Parts

In a record-breaking operation, customs officials uncovered gold molded into air compressor parts, aiming to evade Japan's import tariffs.

Over 320 lbs of gold, valued at roughly $10.7 million, were concealed within air compressors bound for Tokyo.
The discovery marks Hong Kong's largest gold-smuggling case in terms of overall gold value.
Customs agents became suspicious after an X-ray screening revealed anomalies in the air compressors.
Authorities believe the scheme was designed to avoid Japan's precious metals tariff, potentially saving smugglers around $1.07 million.
The director of a local company was arrested in connection with the case; the investigation is ongoing.