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Economy

Nepal takes central role in China-India gold smuggling

Poor infrastructure and lax security blamed for upsurge

Gold bars stacked in a safe deposit room.   © Reuters

KATHMANDU -- The silver car drove over 100km through the hairpin turns along the landslide-prone mountain road from Nepal's northern border with Tibet to Kathmandu, arriving in the capital just before midnight on Sept. 3. Hidden in the trunk was a precious cargo -- 88 bars of gold, each wrapped in black tape, and worth $4.2 million in total.

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