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Gold bullion at Istanbul Gold Refinery in Istanbul.

Gold bullion at Istanbul Gold Refinery in Istanbul.

Photographer: Ozan Kose/AFP/Getty Images

Business
City of London

London Laundering Case May Hold Clues to Guinea’s Gold

A murky deal stretching across three continents raises questions about the city’s bullion market.

Corrected

The government of Guinea wants to know what happened to three tons of its gold. The answer may lie in London.

In March, Guinean authorities arrested a former head of the central bank and charged him with embezzlement after the custodian of the gold, Belgian refiner Affinor BVBA, said it was unable to return it.