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Argentine border police seize 19th-century gold ingot

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AFP Buenos aires
Last Updated : Mar 17 2015 | 6:22 AM IST
Argentine authorities have arrested two Paraguayans who tried to cross the border with a 19th-century gold ingot worth more than USD 2 million, officials have said.
The ingot, which has been confiscated by Argentina's tax authorities, weighed 25 kilogrammes and was stamped with the inscription "Central Bank of Paraguay 1824."
It is estimated to be worth USD 2.27 million and may also be historically significant, said the Federal Public Revenue Administration (AFIP) in Buenos Aires.
The two Paraguayan men, who reside in Argentina, were transporting the ingot in a truck across the bridge between the Argentine city of Posadas and Encarnacion in Paraguay when customs officers stopped them for a routine search yesterday.
They grew suspicious when the men became nervous, AFIP said in a statement. Using a scanner, they found the ingot hidden beneath a false floor under the passenger seat.
One of the men told authorities they had bought the ingot from a group of indigenous people for 250 million Paraguayan guarani, or about USD 50,000, AFP said.

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Officials also seized about a kilogramme of silver.
AFIP said it had informed the Paraguayan central bank and the embassy in Buenos Aires.
Paraguay, which gained independence from Spain in 1811, fought Argentina, Brazil and Uruguay from 1864 to 1870 in the conflict known as the War of the Triple Alliance.
Wealthy families in the war's path often buried their valuables, planning to recover them after the conflict.
About 85 per cent of Paraguay's men died in the war. Today, the landlocked country is one of the poorest in Latin America.

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First Published: Mar 17 2015 | 6:22 AM IST

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