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Antwerp Diamond Scammer Arrested

Apr 23, 1999 11:15 AM   By Martin Rapaport
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Belgian authorities have arrested a diamond courier, an expert

valuator of the Diamond Office and a diamond dealer who is alleged to

have coordinated the falsification of diamond export and import

documents. According to reports in the Belgian press the illicit

diamond export/import scheme involved ten firms and as much as $62

million. The investigation and arrests following similar government

activities last year is creating concern in the Antwerp diamond

community. Leading Belgian diamantaires hope that the investigation

will show that only a small number of firms are involved and that the

new tax agreement between Belgium's diamond industry and the

government will discourage illicit shipments and provide renewed

confidence in the Belgian diamond industry.



Tags: Belgium, Government
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