Thursday, November 24, 2016

Rs. 10 lakh in demonetised currency seized at airport

Kochi: In what is considered to be an indication of the influx of withdrawn Indian currency back to the country in the wake of the demonetisation of high value notes, the Customs Air Intelligence Unit foiled a smuggling attempt and seized Rs. 10 lakh in the withdrawn denominations of Rs. 500 and Rs. 1,000 at the Cochin International Airport on Thursday.

Abdul Salam of Panoor in Kannur district was nabbed on his arrival from Dubai on Thursday around 9 a.m.

Addressing a press conference, Customs Commissioner K.N. Raghavan said that the undeclared money had become worthless abroad owing to the demonetisation.

The arrested person was only a carrier who had reportedly agreed to do the job for a commission of Rs. 20,000. He was intercepted by the Air Intelligence officers during the baggage checking. The notes were found concealed in a napkin package, tissue paper boxes and soap powder boxes. There was Rs. 7 lakh in Rs. 1,000 currency bills and Rs. 3 lakh in Rs. 500 bills.

Salam had left for Dubai from the Kozhikode airport on November 20. The verification of his passport revealed that he was a frequent traveller to Dubai. Though he had been never caught before, Customs officials suspect that he had been active in smuggling activities.
24/11/16 The Hindu