Indonesia Raids Gold Firm in $1.44 Billion Laundering Probe

On June 11, Indonesian police raided a gold processing company in East Java as part of a 25 trillion rupiah ($1.44 billion) money-laundering investigation linked to illegal mining. This follows the June 4 SEBI interim order against Rajesh Exports, which alleged $158 billion in misrepresented subsidiary revenue and barred the promoter while ordering a forensic audit. The dual regulatory actions have intensified scrutiny of physical gold disclosures and supply-chain integrity in key producing regions, injecting uncertainty into XAUUSD flows and tokenized gold instruments pending further audit outcomes.