Additional 302 kg gold smuggled to Nepal through brake shoes, claims CIB

The Central Investigation Bureau of Nepal Police has claimed to have recovered 302 kg gold smuggled through brake shoes from abroad.

The CIB said that it has recovered a total of 362 kg gold—60 kg gold which was recovered earlier and 302. 62 kg gold which was recovered later from the brake pads.

It has been confirmed that 363 kg gold is worth around Rs 3. 5 billion was imported illegally to Nepal.

CIB Chief Kiran Bajracharya said that the Chinese nationals, who were arrested in connection to the gold smuggling case, had smuggled the gold to Nepal by establishing five companies.

“After the confiscation of 60 kg gold imported by Ready Trade Pvt. Ltd, we have recovered 302 kg gold smuggled through brake pads,” Bajracharya said that the CIB is preparing to file a case demanding a fine of Rs 3.5 billion. Investigation is underway as the smugglers may have brought the gold through other means.”

Preliminary investigation revealed that the five foreign nationals have also taken the citizenships and passports by submitting fake details. Investigation is underway regarding the same, Bajracharya said.

A team of 42 persons of CIB is investigating the gold smuggling case.

It has been found that Nepali, Indian, Chinese and Taiwanese nationals were involved in the smuggling of gold.