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Customs officers bust gold smuggling ring

DPA/The Local
DPA/The Local - [email protected]
Customs officers bust gold smuggling ring
Photo: DPA

German and British customs officers on Thursday said they have uncovered a band of gold smugglers dodging the tax authorities by trafficking the precious metal through the Frankfurt airport.

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The suspects were apprehended in England with more than 100 kilogrammes of pure gold worth some €2 million. Authorities also found £150,000 (€190,000) in cash on the smugglers.

Customs officials believe the group took at least 80 trips through Frankfurt from Dubai on the way to London.

British authorities estimate the smugglers were avoided €6.4 million in taxes between 2004 and 2008.

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