Swipe through the latest business and wealth clues with our android app

India gold smuggling slowed by election seizures of cash, bullion

India's gold smugglers have slowed their operations over worries their shipments will be caught up in seizures of cash, bullion, and booze. In India, political parties and their supporters often offer money or goods in exchange for votes. The Election Commission, which monitors the polls, tries to prevent this by setting up highway checkpoints to seize cash, gold, liquor and other high-value items that candidates avoid mentioning in their expenses due to a cap on the amount they can spend.

Read More at Moneycontrol News date : 15 Apr 2019, Monday

©2019 TheNewsClues