In 2016, Gold trading company, BGC International denied news reportage that the firm connived with syndicates to smuggle 480 kilograms of gold out of the country.

Reacting to the story, Chairman of BGC International, Vee Akoliya announced that his outfit is valid license holder issued by the Minerals Commission.

He stressed that BGC International do not smuggle gold outside the country.

The syndicates were however arrested in an attempt to smuggle gold weighing about 480 kilograms valued at US$18,000,000 out of the country.

Read the story orginally published in 2016 by starrfmonline.com below

Gold trading company, BGC International, has denied being part of a syndicate that attempted to smuggle gold out of Ghana.

Members of the syndicate were arrested last week attempting to illegally export 480 kilograms of gold. Initial reports suggested that BGC and AA Minerals Limited connived with the syndicate.

Speaking to Starr Business, the chairman of BGC International, Vee Akoliya, has denied the report.

“I am a valid license holder, my license was issued by the Minerals Commission. Just the next day after the incident you reported about, I exported gold out of Ghana so we cannot be part of any illegal Gold Shipping syndicate,” Akoliya stressed.

He added: “On Saturday, we exported 10kgs of Gold out of Ghana and we had all the necessary documentation. We follow the rules at all times and we respect the rules.”

On February 18, security officers at the Kotoka International Airport (KIA) busted a syndicate attempting to smuggle gold weighing about 480 kilogram and valued at US$18,000,000 out of the country.

The ounces of gold were hidden in boxes at the time of the arrest.