Thursday 26 November 2009

Mystery gold cargo linked to Saad, Gosaibi feud

The Qantas freighter QF71 that took off from Perth Airport on November 3 last year bound for London would not have attracted any special attention, despite the fact that it was carrying 1.2 tonnes of gold bullion, then worth about US$28 million (Dh102.8m).

Perth, in Western Australia, is home to Australia’s Gold Corporation Mint, where bullion is processed and turned into standard 12.5kg bricks.

From there, the ingots are shipped daily around the globe to vaults in America, Europe and Asia, evidence of the world’s apparently insatiable appetite for the precious metal.

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