Hong Kong Customs Seizes $11 Million in Gold in Record Bust

What’s new: Hong Kong customs has announced the seizure of a stash of gold worth about $11 million in the authority’s largest bust of its kind.

The approximately 146 kilograms (321.9 pounds) of gold was discovered on March 27 at Hong Kong International Airport during an inspection of two air compressors in a shipment bound for Japan, according to a Monday press release from Hong Kong’s Customs and Excise Department. Officers found the precious metal had been molded into the shape of air compressor parts.