Dhaka, Feb. 16 -- The National Board of Revenue, or NBR, Chairman Md Abdur Rahman Khan has admitted failure to curb gold smuggling, revealing that 99 percent of the precious metal smuggled into Bangladesh remains undetected due to limitations.

"This is harmful for the country and for everyone. So why do we continue this illegal activity?" he asked at a meeting with leaders of the Bangladesh Jewellers' Association, or BAJUS, at the Rajaswa Bhaban in Agargaon on Sunday.

"And if you say you are not involved, then where is all this gold coming from? Out of 100 cases, we can seize only one. We fail to detect the rest for different reasons. That is why we want to hear about the problems," he said.

Expressing concern over the lack of gold imp...