A joint operation between various Gauteng based policing agencies led to the confiscation of R20 million in gold that was allegedly about to be smuggled out of the country this morning.
The bust comes after an 18 month investigation by the Gauteng Hawks and Crime Intelligence unit.
Hawks spokesman Brigadier Hangwani Mulaudzi said that the officers formed part of a Special Task Force that had been investigating an alleged transnational syndicate dealing in precious metal.
“This comes as a result of an 18-month, intensive investigation into the underworld syndicate that allegedly contravened the Precious Metal Act by illegally processing and dealing in gold. Since the inception of the investigation, 40 suspects have been arrested and the SAPS is not ruling out the possibility of more arrests,” he said in a statement earlier this afternoon.
This morning operation saw 18 houses in Limpopo, Springs and central Johannesburg raided. “On one of the premises, the police discovered a refinery, armoured vehicles and a large number of documents. They seized R20 million worth of unwrought gold at a warehouse in Johannesburg. It is alleged that the gold was about to be exported when the members intercepted it,” he added.
Mulaudzi said that the investigation was on going and that more arrests were expected