Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Uncategorized

100kg gold smuggled, exported to US, Europe: Commissioner

byCustoms Today Report
12/06/2015
in Uncategorized
Share on FacebookShare on Twitter

SUCRE: Illegal mining in the border with Bolivia is reaching staggering numbers, the Peruvian high commissioner on mining, Antonio Fernandez, revealed Wednesday.

“Most of the illegal gold that is not commercialized inside Peru is sent to Bolivia,” the commissioner explained.

You might also like

Pakistan to get $3b loan from Islamic Trade Financing Corporation

20/10/2024

Lahore I&I & Enforcement anti-smuggling operations achieve record success in early FY 2024-25

10/09/2024

As Fernandez told reporters, due to tighter regulations in ports and airports, smugglers are sending gold to La Paz, Bolivia, from which its sold and then shipped to the United States and Europe.

According to his calculations, around 100 kilos of gold is smuggled into the neighboring country every week. Most of the gold is smuggled through La Rinconada and Desaguadero, two towns close to the border.

Operations to dismantle illegal mining sites have decreased in the past few months, given that for two months the office lacked a head commissioner.

But also, because a large contingent of policemen have been deployed to the province of Arequipa, to fight the local community that opposes the government-approved Tia Maria mining project, which farmers and residents fear will pollute nearby agricultural sites.

Earlier this year, Peruvian authorities warned Bolivia that, according to their estimates, $1 billion dollars worth of illegal gold was exported from that country last year.

The number is based on experts’ calculations after examining an unexpected and rare increase in Bolivia’s gold revenues.

Related Stories

Pakistan to get $3b loan from Islamic Trade Financing Corporation

byCT Report
20/10/2024

ISLAMABAD: Islamic Trade Financing Corporation (ITFC) to provide Pakistan with a $3 billion loan, according to an official statement released...

Lahore I&I & Enforcement anti-smuggling operations achieve record success in early FY 2024-25

byCT Report
10/09/2024

LAHORE:  Regional Directorate of Customs Intelligence & Investigation has demonstrated exceptional performance in the first two months of the fiscal...

ICCI and CDA to join hands for tree plantation drive in Capital

byQaisar Mansoor
09/08/2023

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) in collaboration with the Capital Development Authority (CDA) would jointly launch a...

Customs Officials Yawar Abbas & Tariq Mehmood kidnapped in Karachi

byCT Report
08/07/2023

KARACHI: Customs Intelligence Officer Yawar Abbas and Customs Preventive Officer Tariq Mehmood who were working against smuggling were kidnapped by...

Next Post

US police seize 78p of illicit marijuana

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.