Police Bust Gold Smuggling Ring, recover €64 Million in Ukrainian Gold Artifacts

Date:

Share post:

The Spanish police and the Ukrainian Security Service seized ancient gold artifacts valued at 60 million euros ($63.6 million) taken from Ukraine after thieves were caught trying to sell them in Madrid.

According to the police, the 11 items, primarily jewellery like intricate necklaces, bracelets, and earrings, date to the Greco-Scythian era between the eighth and fourth centuries BC.

The items were displayed in a museum in Kyiv between 2009 and 2013, and they were taken illegally out of the country in 2016, according to a statement from the Madrid National Police.

Authorities learned that a Ukrainian resident in Madrid was attempting to sell historically significant gold jewellery from Ukraine, and this information provided the first leads for the operation. The sale of these items through official channels, like auction houses, was not permitted.

The investigation was carried out with the assistance of several countries’ Interior Attache offices, including Bulgaria, Ukraine, Albania, North Macedonia, and Cyprus, as well as the International Cooperation Division.

The artifacts had forged documents to make it look as if they belonged to the Ukrainian Orthodox Church, police said.

Authorities confirmed the arrest of three Spanish and two Ukrainian nationals on money laundering charges, and they recently announced the seizure of an additional ten pieces of gold that resemble the belt recovered in 2021.

All of the confiscated items, which can be traced back to the Greco-Scythian culture spanning the 8th to 4th centuries BC, are currently undergoing examination at the National Archaeological Museum and Spain’s Institute of Cultural Heritage. The investigation into this extraordinary case is ongoing.

Related articles

Security is the Bedrock of Development—Col Katabazi to Teso RDCs, DISOs 

Colonel Emmy Katabazi, the Deputy Director General of the Internal Security Organization (ISO), has told the Resident City...

EASF holds 33rd Policy Meeting to Enhance Regional Security

The Eastern Africa Standby Force (EASF) officially commenced its 33rd Policy Organs Meeting at the Kigali Convention Centre...

NUP Asylum Seekers Face Deportation Over Forged Document

In a troubling development, several asylum seekers associated with the National Unity Platform (NUP) are facing imminent deportation...

Uganda’s High-Level Policy Dialogue Opens, Paving  Way for Coffee Sector Transformation

Uganda’s high-level policy dialogue on coffee sector has opened at Speke Resort Munyonyo highlighting the transformative potential of...