www.reuters.com
Peter Hobson
13-16 minutes
LONDON (Reuters) - A forgery crisis is quietly roiling the world’s gold industry.
July 5, 2019. REUTERS/Denis Balibouse
Gold bars fraudulently stamped with the logos of major refineries are being inserted into the global market to launder smuggled or illegal gold, refining and banking executives tell Reuters. The fakes are hard to detect, making them an ideal fund-runner for narcotics dealers or warlords.
In the last three years, bars worth at least $50 million stamped with Swiss refinery logos, but not actually produced by those facilities, have been identified by all four of Switzerland’s leading gold refiners and found in the vaults of JPMorgan Chase & Co., one of the major banks at the heart of the market in bullion, said senior executives at gold refineries, banks and other industry sources.
"Ό,τι η ψυχή επιθυμεί, αυτό και πιστεύει." Δημοσθένης (Whatever the soul wishes, thats what it believes, Demosthenes)
Showing posts with label Drugs. Show all posts
Showing posts with label Drugs. Show all posts
Wednesday, August 28, 2019
Tuesday, July 4, 2017
Greece fires at Turkish freighter in Aegean, Ankara protests
03-07-2017
Deusche Welle
Greece's coast guard has fired "warning shots" at a Turkish freight ship near Rhodes island, prompting a protest from Ankara. Greek police say they acted on an anonymous call that it was "transporting drugs."
Turkey's foreign ministry condemned Greece on Monday over the shooting that left no one injured - but 16 bullet holes in the freighter's hull, according to its captain.
The vessel, the M/V ACT, had left the southern Turkish port of Iskenderun, near the Syrian border, and was heading west to the Gulf of Izmit when, according to Greek coast guards, it entered Greek waters northeast of Rhodes island.
"Warning shots were fired but the ship did not change course," said the Greek coast guard.
Deusche Welle
Greece's coast guard has fired "warning shots" at a Turkish freight ship near Rhodes island, prompting a protest from Ankara. Greek police say they acted on an anonymous call that it was "transporting drugs."
Turkey's foreign ministry condemned Greece on Monday over the shooting that left no one injured - but 16 bullet holes in the freighter's hull, according to its captain.
The vessel, the M/V ACT, had left the southern Turkish port of Iskenderun, near the Syrian border, and was heading west to the Gulf of Izmit when, according to Greek coast guards, it entered Greek waters northeast of Rhodes island.
"Warning shots were fired but the ship did not change course," said the Greek coast guard.
Labels:
Aegean,
Drugs,
Erdogan,
Foreign Policy,
Geopolitics,
Greece,
Kamenos,
Turkey
Tuesday, March 11, 2014
Why Mexican drug-traffickers started smuggling iron ore to China
The
Economist explains
Mar 9th
2014, 23:50 by H.T. | MEXICO CITY
http://www.economist.com/blogs/economist-explains/2014/03/economist-explains
The
Economist
IT IS big,
bulky, you can’t snort it, and it doesn’t get you high. Per tonne, it sells for
about $125, compared with cocaine, which fetches at least $50m wholesale. By
any reckoning, iron ore would seem like a daft thing to peddle if you were in
the drugs trade. Yet on March 3rd Mexican authorities seized nearly 120,000
tonnes of it near the port
of Lázaro Cárdenas on the
Pacific coast. Much of it they reckon was due to be smuggled to China by the
Knights Templar, a bloodthirsty drug-trafficking outfit. Officials say that the
business had become even better for the Templars than drugs.
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