Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs India

Customs busts gold smuggling syndicate, arrests passenger with Rs28.5m foreign currency

byCT Report
30/09/2016
in India, Latest News
Share on FacebookShare on Twitter

MUMBAI: Air Intelligence Unit (AIU) of Customs has arrested a passenger along with foreign currency equivalent to Rs 2.8 million while he was departing for Dubai from city airport on early Thursday. Officials suspects that the arrested carrier is part of gold smuggling syndicate and they are inquiring about other links. The accused told Customs that the money belonged to a Mumbai based jeweller who wanted to send the currency out illegally, to smuggle gold. The Customs officials conducted searches at premises of the jeweller, Girishbhai.

The Customs has officials intercepted the passenger, Sanjay Soni, on suspicion while he was departing for Dubai. They examined his checked in baggage and recovered 3 lakh US Dollars, 2.64 lakh Saudi Arabian Riyal, 2.07 lakh UAE Dirham, 260 Kuwaiti Dinar, 250 Bahrain Dinar, 215 Omani Riyal and 23,000 Qatar Riyal (collectively equivalent to Rs 2.8 millionIndian rupees). He had covered the currency with his clothes and kept it in a trolley bag. During interrogation Soni told officials that one Girishbhai had given him the money and told him to handover it to his contact in Dubai.

You might also like

SAARC chief urges turning South Asia’s challenges into opportunities

24/04/2026

DG Valuation revises import values for PVC, PU coated vide VR No.2068/2026

24/04/2026

While explaining the modus-operandi, an official explain, jewellers smuggle gold in the country and make payment through hawala channels. Some time they enters into nexus with hawala operators, who imports goods in the country that attracts less duty after overpricing it. Then they send the money (goods payment) through legal channel. Another modus-operandi they adopts to send money through carries, like Soni. Officials stated that jewellers involved in gold smuggling has their counterparts in Dubai who collects cash and arranges gold in exchange. In another instance, the Customs booked Durga Purohit while she was departing for Dubai along with foreign currency worth Rs 13 lakh.

Related Stories

SAARC chief urges turning South Asia’s challenges into opportunities

byCT Report
24/04/2026

ISLAMABAD: President of the SAARC Chamber of Commerce and Industry, Chandi Raj Dhakal, has emphasized that South Asia’s economic and...

DG Valuation revises import values for PVC, PU coated vide VR No.2068/2026

byCT Report
24/04/2026

KARACHI: The Directorate General of Customs Valuation has revised customs values for imports of PVC, PU and other coated fabrics...

PM clears NBP’s long-awaited Rs35 per share dividend

byCT Report
24/04/2026

ISLAMABADI: National Bank of Pakistan has received approval for its long-delayed dividend payout after Prime Minister Shehbaz Sharif cleared the...

SBP eases import financing rules for oil & LNG amid geopolitical crisis

byCT Report
24/04/2026

KARACHI: The State Bank of Pakistan (SBP) has revised key foreign exchange instructions to facilitate the import of crude oil,...

Next Post

Customs department loses Rs 500m as hackers log in

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.