Chennai: Investigators from the Directorate of Revenue Intelligence (DRI) on Thursday seized Saudi riyal worth 53.05 lakh from a passenger who was about to board a flight to Singapore from Chennai international airport.
DRI officials said the money could be part of a hawala transaction. The accused, identified as Raja Mohammed of Tondi in Ramanathapuram district, was arrested under the Customs Act and Foreign Exchange Management (Export and Import of currency) Regulations, 2000.
The officials received a tip that foreign currency would be smuggled through a Chennai-Singapore flight. Officials said Raja a frequent passenger on this route, was to board flight SG 529. He had concealed the money in specially-stitched cavities of his trousers, rolled some cash in Tamil magazines and some under his clothes.
No document for purchase or possession of foreign currency was found on Raja and he admitted to being a courier for smuggling the currency on interrogation. He revealed that he was given the currency by some traders outside the airport and was instructed to hand it over to their contacts in Singapore.
25/06/16 Times of India
To Read the News in full at Source, Click the Headline
DRI officials said the money could be part of a hawala transaction. The accused, identified as Raja Mohammed of Tondi in Ramanathapuram district, was arrested under the Customs Act and Foreign Exchange Management (Export and Import of currency) Regulations, 2000.
The officials received a tip that foreign currency would be smuggled through a Chennai-Singapore flight. Officials said Raja a frequent passenger on this route, was to board flight SG 529. He had concealed the money in specially-stitched cavities of his trousers, rolled some cash in Tamil magazines and some under his clothes.
No document for purchase or possession of foreign currency was found on Raja and he admitted to being a courier for smuggling the currency on interrogation. He revealed that he was given the currency by some traders outside the airport and was instructed to hand it over to their contacts in Singapore.
25/06/16 Times of India
