Gold goes missing in mint security meltdown

cowboy · 07-01-2009, 04:25 AM

Gold goes missing in mint security meltdown

By Dan Karpenchuk in Toronto
Posted 7 hours 9 minutes ago
Updated 7 hours 1 minute ago

The missing gold was first noticed several months ago. (Perth Mint)

Canadian officials have not been able to explain the disappearance of more than $16 million in gold from the Royal Canadian Mint, leaving open the possibility that the gold was stolen.
The missing gold was first noticed several months ago.
Speculation for the unaccounted gold ranged from refining processing errors to accounting errors to theft.
A review by auditors has now concluded that the gold was not simply forgotten during inventory and could have been stolen from what Canadian officials say is one of the most secure facilities in Canada, if not the world.
Government ministers are furious, calling the loss of the gold inexcusable, while opposition politicians are having a field day criticising the government for the startling admission.
The opposition says instead of chasing down possible leads, the government allowed those responsible to get away.
New security and accounting measures are being put in place and all executive bonuses at the mint are being withheld.

07-01-2009, 04:25 AM	#1 (permalink)
cowboy Status: Super Moderator Join Date: Apr 2007 Location: Vancouver, Can Age: 32 Posts: 4,819 Thanks: 21 Thanked 71 Times in 67 Posts	Gold goes missing in mint security meltdown Gold goes missing in mint security meltdown By Dan Karpenchuk in Toronto Posted 7 hours 9 minutes ago Updated 7 hours 1 minute ago The missing gold was first noticed several months ago. (Perth Mint) Canadian officials have not been able to explain the disappearance of more than $16 million in gold from the Royal Canadian Mint, leaving open the possibility that the gold was stolen. The missing gold was first noticed several months ago. Speculation for the unaccounted gold ranged from refining processing errors to accounting errors to theft. A review by auditors has now concluded that the gold was not simply forgotten during inventory and could have been stolen from what Canadian officials say is one of the most secure facilities in Canada, if not the world. Government ministers are furious, calling the loss of the gold inexcusable, while opposition politicians are having a field day criticising the government for the startling admission. The opposition says instead of chasing down possible leads, the government allowed those responsible to get away. New security and accounting measures are being put in place and all executive bonuses at the mint are being withheld.

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