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Nepal’s gold-smuggling networks survive crackdown after crackdown

Asia-Pacific 1 source 1 country 🔦 Under-reported 28m ago

Nepal's illicit gold-smuggling networks continue to operate successfully despite repeated government crackdowns, according to recent investigations. The trade persists as syndicates evade law enforcement efforts and maintain their operations within the country.

Investigations into the smuggling rings have exposed major criminal syndicates and implicated law enforcement personnel, highlighting internal corruption. Despite these high-profile exposures, the illegal trade remains resilient.

High profit margins and persistent shortages in the legal supply of gold continue to drive the underground market. These underlying economic factors ensure the ongoing viability of the smuggling networks despite sustained intervention by authorities.

In-depth summary · AI, neutral
Read the full story at the source Kathmandu Post (Kathmandu, Nepal) · NP ↗
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