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South Africa uncovers USD1.8B gold scam

JOHANNESBURG (AFP) – South Africa’s tax authority has uncovered a USD1.8 billion gold scam, in which coins and jewellery were illegally smelted into gold bars for sale overseas, a watchdog said yesterday. Between 2012 and 2020, the scammers bilked the government for USD1.8 billion by defrauding the tax system, the amaBhungane Centre for Investigative Journalism
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