Illegal Gold Hidden in Suitcase Walls

3 hours ago 7

September 1, 2026 | 02:56 pm

TEMPO.CO, Jakarta - One of the upscale residential complexes in Jakarta's Pantai Indah Kapuk (PIK) neighborhood suddenly became a scene of commotion on Tuesday night, August 25, 2026. More than a dozen officers from the Indonesian National Police's Criminal Investigation Department (Bareskrim) raided a two-story white house.

Police suspected the luxury home was being used as an illegal gold refining and processing site linked to a network in China. Led by Brig. Gen. Mohammad Irhamni, Director of the Special Crimes Directorate, officers immediately searched every corner of the house.

But the house, rented by a Chinese national identified by the initials CGZ, was already empty. The tenant had fled after police stepped up operations against an illegal gold smuggling network in recent weeks. "He may have gotten scared and fled," Irhamni told Tempo the day after the raid.

The police did not leave empty-handed. They found evidence reinforcing their suspicion that the site was part of a gold-smuggling network. Investigators, for example, found a device for testing gold purity and digital scales. There was also equipment for melting gold and Rp50 million (about US$2,800) in cash.

Read the Complete Story in Tempo English Magazine


Pegadaian Prepares Gold ETF Physical Conversion

20 jam lalu

Pegadaian Prepares Gold ETF Physical Conversion

Pegadaian's infrastructure already allows digital gold balances to be converted into physical bullion.


Which Countries Have the Largest Gold Reserves?

11 hari lalu

Which Countries Have the Largest Gold Reserves?

Gold provides a store of value and a hedge against economic uncertainty, with countries holding vastly different amounts of gold in their reserves.


Indonesians Keep 1,800 Tons of Gold 'Under Pillows', Says Minister

11 hari lalu

Indonesians Keep 1,800 Tons of Gold 'Under Pillows', Says Minister

The Indonesia Bullion Market Association mentions that there are about 1,800 tons of idle gold stock in Indonesia.


ESDM Ministry to Trace Source of Illegal Gold Export Smuggling

13 hari lalu

ESDM Ministry to Trace Source of Illegal Gold Export Smuggling

Indonesia's Energy Ministry will trace the supply chain behind illegal gold exports, including financiers, mining operations and permits.


Purbaya to Impose Export Duty on Heavy Gold Jewelry

18 hari lalu

Purbaya to Impose Export Duty on Heavy Gold Jewelry

Finance Minister Purbaya Yudhi Sadewa stated that state revenue from gold export duties has dropped to near zero.


Indonesia Foils Gold Smuggling Attempt at Soekarno-Hatta Airport

18 hari lalu

Indonesia Foils Gold Smuggling Attempt at Soekarno-Hatta Airport

The total gold found was 23.79 kilograms with an estimated market value of Rp63 billion.


Why Is Russia Selling Its Gold?

25 hari lalu

Why Is Russia Selling Its Gold?

Russia became one of the world's biggest gold sellers to raise cash amid budget pressures, but it's not necessarily facing a financial crisis.


Indonesia's Gold Demand Surges 40 Percent in Q2 2026

29 hari lalu

Indonesia's Gold Demand Surges 40 Percent in Q2 2026

The World Gold Council identifies Indonesia as one of the world's strongest gold markets.


Antam Gold Prices Drop Rp20,000 at Start of August

31 hari lalu

Antam Gold Prices Drop Rp20,000 at Start of August

Antam gold price fell by Rp20,000 to Rp2,603,000 per gram.


Indonesia Wins Two Golds, One Silver at 2026 Woodball World Cup

35 hari lalu

Indonesia Wins Two Golds, One Silver at 2026 Woodball World Cup

Indonesian Woodball Team kicked off its campaign at 2026 World Cup Woodball Championship in Perlis, Malaysia, by winning 2 gold & 1 silver medals.


Read Entire Article
Parenting |