Smuggling ring recruited Koreans to sneak gold into Japan

Rash of activity has connections to Hong Kong, authorities say

0518N Gold bars Japan (REUTERS)

Gold bars on display at a Ginza precious metals dealer. The alleged smugglers claimed to be running a Tokyo-based trading business.

Nikkei staff writers

TOKYO -- Smugglers allegedly pocketed about 3.2 billion yen ($28.8 million) by selling untaxed gold brought into Japan via South Korea by couriers recruited online, marking the latest in a rash of similar cases with links to East Asia, sources close to the investigation said.

Police and customs officials in Japan have since February arrested 17 South Koreans and Japanese in connection with what investigators describe as a sophisticated smuggling operation with bases in Hong Kong, South Korea and the southern Japanese city of Fukuoka.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.