News Snapshot:
The Hong Kong customs department, with inputs from the Directorate of Revenue Intelligence (DRI) in Surat, has arrested four persons for their alleged involvement in money laundering of USD 64 million, done in the guise of carrying out diamond trade. On December 18, acting on a tip-off by the DRI, the customs department arrested three Indians and one foreigner – directors of five diamond and jewellery companies — in Hong Kong. While searching their premises, the custom officials seized 1 million Hong Kong dollars, natural diamonds weighing 290 carats, worth 8 million Hong Kong dollars, and over 1,000 synthetic diamonds....
