Gold smuggling: Fourth seizure in four days

One person arrested with 2 kg gold bars at Ahmedabad airport

<a href="http://www.shutterstock.com/pic-76071352/stock-photo-gold-jewelry-background-soft-selective-focus.html" target="_blank">Image</a> via Shutterstock
BS Reporter Ahmedabad
Last Updated : Apr 18 2014 | 9:33 PM IST
In the fourth such seizure in the last four days, Customs official have arrested one person with 2 kg gold bars from Sardar Vallabhbhai Patel International Airport (SVPIA), Ahmedabad. The bars were seized from one Mazhar Abbas Ali, who was arrested by officials on Thursday based on specific intelligence information and Ali’s frequent flying nature.

Ali, who had landed from Singapore Airlines flight yesterday, was frisked thoroughly and interrogated, officials said.

“During frisking, 2 kg gold bars (2 bars of 1 kg each), covered  in medical adhesive bandage, wrapped in handkerchief and concealed in his undergarments, were recovered and seized,” officials said, adding that this is a unique modus operandi.

On Thursday, Directorate of Revenue Intelligence (DRI) had seized 12 kg gold bars from a zinc scrap in container cargo at Mundra port in Kutch district. The value of gold seized was estimated to be around Rs 3.6 crores.

Customs officials had arrested one Manjaliya Mohamed Rafiq, a resident of Mundra in Kutch, from SVPIA on Wednesday.

He was trying to smuggle gold wires and gold strips weighing 705.58 gms valued at Rs 20.81 lakh. The gold wires were concealed in a suitcase and gold strips were duly wrapped inside a blanket.

On Tuesday, four persons, hailing from Mumbai, were held by Customs officials at the airport for smuggling gold. In all, 2087.96 grams of gold, whose market value was Rs 62.15 lakh, were seized from them.

After the Union government raised the customs duty on gold in August 2013 to 10 per cent from 6 per cent, there has been a spurt in import of unofficial gold into the country. The Centre had hiked the import duty on yellow metal to control increasing imports and rising Current Account Deficit (CAD), which had touched 4.8 per cent of the Gross Domestic Product (GDP) in 2012-13.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 18 2014 | 8:58 PM IST

Next Story