Advertisement

Italian police nab Ticino gold smugglers at border

Share this article

18:09 CEST+02:00
Italian police say they found gold ingots worth 4.5 million euros ($5.8 million) hidden in a car headed to southern Switzerland on what appeared to be "an ordinary Easter day out with the family".

Police on Wednesday said they stopped the vehicle during a routine check on Easter Sunday but became suspicious as the man driving it, his wife and three children became increasingly nervous and they found two hidden compartments under the seats.
   
"It looked like an ordinary Easter day out with the family," the financial 
police said in a statement.

The couple gave "evasive answers" and were therefore taken to a police station for a full-scale search.

A total of 12 ingots were found wrapped in old newspapers and tied together with cellotape, according to video images released by the financial police in Ponte Chiasso in northern Italy, close to Lugano in the canton of Ticino.

The 53-year-old driver of the car, an Italian man resident in Switzerland, has been charged with money laundering and the gold has been confiscated.
   
An investigation has been launched into where it could have come from.

   
The man, a legal representative of a Swiss company, "did not provide an 
explanation or demonstrate the legitimate provenance of the large quantity of precious metal," the police said, without giving further details.
   
The phenomenon of gold smuggling across the Alps from Italy into 
Switzerland has increased sharply in recent months as Italian authorities have multiplied investigations against tax evasion and money laundering.

Story continues below…

Share this article

Advertisement

From our sponsors

How to get British healthcare no matter where you are

Navigating the health care system in another country can be tough, and even when it all works out, sometimes you just miss the comfort of the system back home. But there's a solution.

Advertisement
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement