US investigators thought Kaloti was helping launder drug money in gold. The Treasury Department did nothing
(WorldNews Africa)

Share this with more people! Kaloti probe offers rare insight into illicit gold trade After three years of digging, investigators in the United States had accumulated a mountain of evidence that they believed sealed the case against Kaloti Jewellery Group , one of the largest gold traders and refiners in the world. The Dubai-based conglomerate had become a key cog in the dirty gold trade, buying the precious metal from sellers suspected of laundering money for drug traffickers and other criminal groups , a U.S. Drug Enforcement Administration-led task force determined. Kaloti often paid in cash — sometimes so much it had to be hauled in wheelbarrows — and wired money for suspect clients to...