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January 13, 2011

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Gold trader's theft blow

A GOLD trader in northwest China is offering a 50,000 yuan (US$7,555) reward for information that could help him recover stolen jewelry.

One kilogram of jewelry went missing after Zhou Guohua asked SF Express Co to deliver it from Yinchuan, capital of Ningxia Hui Autonomous Region to Wuhan, capital of Hubei Province, last November.

Police caught a suspect, an employee of the delivery firm, one month later but recovered only 200 grams of jewelry from a pawn shop, Guangzhou Daily reported yesterday.

Zhou published a post on the Internet offering a reward for clues.

Zhou, a trader of old gold jewelry, said he used SF Express to deliver gold to business partners around the country every two to three days.

Using a courier company to deliver jewelry was common in the industry, he said. He had been doing this for over a year but wouldn't risk using the service any more, Zhou said, adding that his business had come to a halt.

He hadn't bought insurance as the company could only offer a maximum of 20,000 yuan under its scheme, much less than the 300,000 yuan the jewelry was worth.

Zhou reported the case to Wuhan police and they soon seized a suspect, but failed to recover most of the gold.




 

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