Major Gold Smuggling Ring Uncovered Between Italy and Switzerland

Swiss customs authorities dismantle CHF25 million gold smuggling operation, leading to criminal charges against 65-year-old Italian national for illegal precious metal imports.

Key Takeaways

Swiss customs authorities uncovered a major gold smuggling operation between Italy and Switzerland
The operation involved approximately CHF25 million in diverted royalties
The smuggling occurred between 2016 and 2021
Gold was hidden in vehicle parts including dashboard, fuel tank, and seats

By The Numbers

CHF25 million

Total value of diverted royalties

CHF500,000

Proposed minimum fine

3 years

Proposed suspended sentence

They Said

"The presumption of innocence prevails until a final judgment is handed down"
— Swiss Federal Office of Customs and Border Security

Major Gold Smuggling Operation Exposed

Investigation Details

Smuggling Methods and Timeline

Legal Proceedings and Penalties

International Cooperation

Sources & References

Swiss authorities uncover huge gold smuggling operation

SWI swissinfo.ch

Key Takeaways

Swiss customs authorities uncovered a major gold smuggling operation between Italy and Switzerland
The operation involved approximately CHF25 million in diverted royalties
The smuggling occurred between 2016 and 2021
Gold was hidden in vehicle parts including dashboard, fuel tank, and seats