INDIA: CORONAVIRUS LOCKDOWN CRUSHES GOLD SMUGGLING – ANNUAL ILLEGAL SHIPMENTS TO FALL FROM 120 TONNES TO 25 TONNES

On 21 September, Business Today reported that the coronavirus lockdown in India has significantly hit the inflow of smuggled gold with illegal shipments estimated to have fallen to nearly 2 tonnes a month.  The “normal” nearly 120 tonnes in previous year is about 17% of the country’s annual demand.

https://www.businesstoday.in/current/economy-politics/coronavirus-lockdown-crushes-gold-smuggling-annual-illegal-shipments-likely-to-fall-from-120-tonnes-to-25-tonnes/story/416629.html

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s