KATHMANDU, July 28: Officials are currently investigating Ready Trade for its suspected involvement in smuggling around 100 kilograms of gold using unconventional methods. The company is believed to have hidden the gold within 'brake shoes' as well as inside mechanical motors, specifically a water pump.
Reports indicate that Ready Trade had procured brake shoes, shavers, and mechanical motors from Hong Kong before. However, upon closer inspection, it was noticed that the weight of one particular mechanical motor (water pump) was documented as 52 kilograms in the company's description, whereas similar motors typically weigh around 20 kilograms. Authorities involved in the investigation have raised concerns that the excess weight in the motor might be due to hidden gold. The mechanical motor in question was traced back to the Talmad Company in Taiwan.
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The customs department has uncovered records of 34 shipments attributed to Ready Trade. Out of these, 33 shipments originated from Hong Kong, while one came from Dubai. Notably, the customs data shows that 160, 120, 80, 60, to 40 units of brake shoes have been imported on different occasions.
The total customs rate for these shipments remains consistent at 3,540 US dollars. It was discovered that before the interception of the brake shoes containing gold, Ready Trade had received a shipment of 1,997 kilograms of brake shoes, shavers, and mechanical motors from Hong Kong.
The detailed information was provided by Dongon Sutu Transportation Company of Shaver China, which listed 2,700 pieces of shavers, a mechanical motor, and 1,180 pieces of brake shoes in the consignment. However, suspicions have arisen regarding the legitimacy of the brake shoes sent by China's Jiangnan Fengtong Transportation Company, as it was later revealed to be counterfeit, according to department sources.
