A gold trader kept under custody for 15 months has strongly denied involvement in money laundering or any other illegal business. He was allegedly arrested for laundering drug money of about 40 million euros by spring 2020 with three other defendants. In 2017, customs investigator got to know about a jewellery store owned by a 45-year-old retailer in Schondorf, who happened to be the main culprit in the trial; the investigator suspected that he was smuggling money but was not successful. In January 2015, the driver of the Schondorf businessman was checked on the Dutch border and 1.5 million euros was found in the spare wheel. However, on Monday, the 51-year-old Pakistani gold trader claimed that the money was not from drug deals but for the purchase of gold. They put a financial constraint on his account and therefore, could not proceed with his business. According to him, the gold trade business is a family business which was among the top 5 in Dubai, he only came to Europe because of the high-profit potential.
