Your browser is out of date. It has known security flaws and may not display all features of this websites. Learn how to update your browser[Close]

Ingotcha!


Border checks strike gold


A huge haul ()

A huge haul

Italian finance police had a lucky find on Easter Sunday during a routine check of a family car crossing into Switzerland: they discovered gold ingots worth about €4.5 million (CHF5.5 million) concealed in false compartments.

The car was driven by a 53-year-old Italian resident of the Swiss canton of Ticino, described by the police as the legal representative of a Swiss company.

He was travelling with his wife and three children, apparently going for an Easter trip.

The police decided to examine the car more thoroughly when they saw how nervous the family looked. They found 12 gold bars wrapped up in newspaper hidden under the seats.

The driver “was unable to provide an explanation or to show a legitimate source for this large quantity of precious metal”, the police in Ponte Chiasso said. He and his wife gave “evasive answers”.

The man was immediately charged with money laundering. The ingots and the car were seized. Investigations are continuing into the source and destination of the gold.

There has been an upsurge in the smuggling of gold from Italy to Switzerland in the past few months since the Italian authorities launched a campaign against tax evasion and money laundering.

swissinfo.ch and agencies

Copyright

All rights reserved. The content of the website by swissinfo.ch is copyrighted. It is intended for private use only. Any other use of the website content beyond the use stipulated above, particularly the distribution, modification, transmission, storage and copying requires prior written consent of swissinfo.ch. Should you be interested in any such use of the website content, please contact us via contact@swissinfo.ch.

As regards the use for private purposes, it is only permitted to use a hyperlink to specific content, and to place it on your own website or a website of third parties. The swissinfo.ch website content may only be embedded in an ad-free environment without any modifications. Specifically applying to all software, folders, data and their content provided for download by the swissinfo.ch website, a basic, non-exclusive and non-transferable license is granted that is restricted to the one-time downloading and saving of said data on private devices. All other rights remain the property of swissinfo.ch. In particular, any sale or commercial use of these data is prohibited.

×