• Today
    August 25

  • 09:34 PM

Cayman Islands investigating gold smuggling operation

CMC,

Added 21 July 2019

gold

GEORGE TOWN, Cayman Islands – Authorities in the British Overseas territory are working closely with the UK’s National Crime Agency (NCA) to investigate millions of dollars worth of gold that was seized at London’s Heathrow International airport last month.

The NCA says the gold, intercepted in the UK by Border Force officers, is thought to be part of South American drug cartel operation that used the Cayman Islands as a stopping point.

“It was being transported from the Cayman Islands to Switzerland, having earlier been shipped to the Caymans on a private jet which had arrived from Venezuela,” the NCA said in a press release.

“The gold is now the subject of a money laundering investigation being run by the Cayman authorities, with the assistance of the NCA.”

Following a court hearing, the seized gold that weighs nearly 230 pounds, is being held under the UK’s Proceeds of Crime Act. (CMC)

JOIN THE DISCUSSION

Dos and Donts


Welcome to our discussion forum here on nationnews.com. We encourage lively debate, but we also urge you to take note of the following:

  • Stay on topic – This helps keep the thread focused on the discussion at hand. If you would like to discuss another topic, look for a relevant article.
  • Be respectful – Meeting differences of opinion with civil discussion encourages multiple perspectives and a positive commenting environment.
  • Do not type in capitals – In addition to being considered “shouting” it is also difficult to read.
  • All comments will be moderated – Given the volume of comments each day, this may take some time. So please be patient.
  • We reserve the right to remove comments – Comments that we find to be abusive, spam, libellous, hateful, off-topic or harassing may be removed.
  • Reproduction of comments – Some of your comments may be reproduced on the website or in our daily newspapers. We will use the handle, not your email address.
  • Do not advertise – Please contact our Advertising Department.
  • Contact our Online Editor if you have questions or concerns.
  • Read our full Commenting Policy and Terms of Use.
comments powered by Disqus

POLL

Do you believe the Rock Hall squatters should be entitled to a $25 000 grant or a loan to move out of the area?

Yes
No

FRONT COVER OF TODAY'S NEWSPAPER

CARTOON

INSTAGRAM