Korean national held for smuggling gold from Hong Kong

Image
Press Trust of India Chennai
Last Updated : Nov 28 2019 | 9:30 PM IST

A 36-year-old Korean man, who arrived here from Hong Kong, was arrested on Thursday at the airport here for allegedly smuggling 4 kg of gold valued at Rs 1.56 crore by hiding it in his shoes.

Based on a tip, Customs officials intercepted the tall and well built foreign national near the exit gate when he arrived by a private airline.

When they asked him why was he in a hurry and whether he had any items to be declared, he was nervous and evasive, a customs release here said.

On searching him, two "unusually heavy packets wrapped in newspapers," were found in each of the shoes.

The packets were found to contain four gold bars weighing four kg and valued at Rs.1.56 crore and these were seized.

The Korean national, identified as Chang Sic Ban, a resident of Seoul was arrested, the release said.

During questioning, Chang informed the authorities that he was a graduate in architecture but was working as a fitness trainer as he had a passion for fitness.

He further said the gold was handed over to him by an unknown person outside the Hong Kong airport and in Chennai, he was to hand it over to some person who was supposed to identify him by his photograph.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Nov 28 2019 | 9:30 PM IST

Next Story