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Colombia executes first taking of illegally mined gold

Staff writer ▼ | April 27, 2016
Colombia’s government has taken possession of nearly 62 kilos of illegally mined gold under the provisions of new regulations, marking the first seizure of this kind, the National Police said.
Colombia illegally mined
Mining   Inconsistencies in the documents filed by the company
The Criminal Investigations Agency, or DIJIN, seized 61.8 kilos of gold worth about 5 billion pesos (nearly $17 million) in July 2015 at the airport in the northwestern city of Medellin, the National Police said in a statement.

The gold originated in Buritica, a city in Antioquia province, and now belongs to the government.

The gold was seized because officers noticed inconsistencies in the documents filed by the company transporting the precious metal.

In January 2015, authorities dismantled a money laundering network that had handled 2.3 trillion pesos (about $777.5 million) via gold exports between 2005 and 2012.

The ring was made up of executives and employees of Comercializadora Internacional Goldex.

An estimated 59 tons of illegally mined gold worth 7 trillion pesos ($2.36 billion) end up in the hands of Colombian guerrillas and criminal organizations each year.


 

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