Page 6 - Gold Smuggling
Kerala gold smuggling case: Swapna, Sandeep taken into custody by NIA
Two key accused in the sensational gold smuggling case in Kerala, Swapna Suresh and Sandeep Nair, were taken into custody by the NIA from Bengaluru on Saturday, official sources said here. Highly placed sources in the multiple investigation agencies involved in the case confirmed to PTI here about the National Investigation Agency (NIA) taking the duo into custody. Swapna, a former employee of the UAE consulate in Thiruvananthapuram, is among the four accused booked by the NIA in the smuggling of 30 kg of gold through diplomatic baggage which arrived at the Thiruvanathapuram International airport on July 5. The gold valued at around Rs 15 crore was seized by the Customs (Preventive) Commissionerate, Kochi. Swapna, Sarith and Sandeep Nair of Thiruvananthapuram and Fazil Fareed of Ernakulam have been listed in the smuggling case as accused. Both Swapna and Sandeep had been on the run since their names cropped up in connection with the case a few days ago. Sarith has .
 "Kerala gold smuggling case: Swapna, Sandeep taken into custody by NIA")
NIA takes up probe in Kerala gold smuggling case; registers cases against 4
The consignment was found camouflaged in diplomatic baggage from the UAE that is exempted from inspection as per the Vienna Convention
 "NIA takes up probe in Kerala gold smuggling case; registers cases against 4")
Kerala gold smuggling: Cong welcomes NIA probe, demands to involve CBI, RAW
Kerala Congress chief Mullappally Ramachandran on Thursday welcomed the Central government's decision for National Investigation Agency (NIA) probe in the Thiruvananthapuram gold smuggling case
Travel curbs in India thwart gold smugglers; boost premium legal imports
India suspended long-distance trains and international flights in March as part of the lockdown of its 1.3 billion population to contain the spread of novel coronavirus
Covid-19 outbreak: No gold seizure by Customs in April amid lockdown
A recent study by the WGC said global gold demand during the Jan-Mar quarter grew just 1% to 1,083.8 tonnes
 "Covid-19 outbreak: No gold seizure by Customs in April amid lockdown")
Airports to railway stations: Gold smuggling peaks in India as prices climb
Illegal inflows have jumped after the Indian government increased import taxes in July and prices surged to record highs in September.
 "Airports to railway stations: Gold smuggling peaks in India as prices climb")
Nepal's increased bullion import duty to help India reduce smuggling
Smuggling of gold via Nepal borders was not only affecting India but also Nepalese jewellers
Spike in gold smuggling via SEZs under lens; PMO seeks Customs report
The report should contain details about official gold imports, its usage in the domestic market, smuggling trends, possible curbs to mitigate the negative impact of gold imports on the trade deficit
Indian economy loses Rs 1.17 trillion due to smuggling, says study
The study measures the impact of smuggling in five areas - textiles, tobacco products, readymade garments, capital goods, and consumer electronics - taking into consideration their backward and forwar
 "Indian economy loses Rs 1.17 trillion due to smuggling, says study")
India's seizures of smuggled gold jumps in June quarter: Official
The illegal trade could rise further in coming months as India, the world's second biggest gold consumer, raised an import tax on gold by 2.5 percentage points to 12.5% in July's federal budget
 "India's seizures of smuggled gold jumps in June quarter: Official")
Customs department seizes 23% more illegal consignments of gold in Q1
Experts cite higher import duty as reason for rise in smuggling
Gold smuggling in India slows due to election seizures of cash, bullion
Last month in Mumbai, in one of the biggest seizures since the current election was announced on March 10, the Directorate of Revenue Intelligence seized 107 kg of gold, worth about Rs 30 crore
 "Gold smuggling in India slows due to election seizures of cash, bullion")
Authorities facing difficulty to identify smuggled gold due to defacing
Myanmar has created several melting units on the borders of West Bengal and North-East solely to hide the identity of these gold bars to evade duty
Cops steal seized gold worth Rs 3 crore, flee after smugglers file FIR
The smugglers reported the incident on February 4 and a case was registered under relevant sections against them, police commissioner Deepak Kumar said
Breaching borders and beating tax, India's gold smugglers get creative
The Directorate of Revenue Intelligence arrested four people last week for smuggling in 66 kilograms of gold, worth about Rs 210 million rupees, and seized fours cars.
 "Breaching borders and beating tax, India's gold smugglers get creative")
Jewellers find new way to bypass tax authorities and launder smuggled gold
Consumers here are taking a bigger risk
 "Jewellers find new way to bypass tax authorities and launder smuggled gold")
Singapore Airlines crew member held at Delhi Airport for smuggling gold
An investigation is underway on the matter
 "Singapore Airlines crew member held at Delhi Airport for smuggling gold")
DRI seizes 50-kg gold in courier at Mumbai International Airport
On Wednesday,the Air Intelligence Unit retrieved 4.7 kg of gold from an Air India aircraft parked in the hangar of the Mumbai Airport.
 "DRI seizes 50-kg gold in courier at Mumbai International Airport")
2 kgs of gold found abandoned in Singapore-Chennai Air India flight
They said sanitation staff found the gold abandoned in a seat while cleaning the aircraft
Tightened rules leads to surge in gold smuggling cases by 400%
About 148.71 kg gold worth Rs 40 crore were smuggled between April and September in Mumbai airport alone
 "Tightened rules leads to surge in gold smuggling cases by 400%")