In the course of several house searches in Aalst and Ninove (East Flanders) and at 2 locations in Wallonia federal police seized 48 gold bars. The bars weigh 12 kilograms and are worth €740,000 in all. The raids were the result of an investigation into tax fraud.
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Police seize gold bars worth €740,000 in raids across East Flanders and Wallonia
Colin Clapson
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A 79-year-old man, who owns several furniture companies, stands accused of using fake invoices to evade tax. Belgium is believed to have lost out on millions of euros in revenue as a result. The man is also said to have evaded tax because he allegedly lived abroad, in Dubai, but actually he was just staying in Belgium.
Federal judicial police from East Flanders conducted 6 raids: 3 in Ninove and others in Aalst, Tournai and Lessines. A total of 48 gold bars worth €740,000 were seized. Jewellery and cash were also impounded.
A man police arrested in Aalst appeared before an examining magistrate in Dendermonde and was released under strict conditions.