Saturday, April 07, 2018

54kg gold worth Rs 16 crore seized from airport, three arrested

Kolkata:  In one of the largest gold hauls at Kolkata airport, the Directorate of Revenue Intelligence (DRI) has seized 54kg semi-finished gold jewellery worth Rs16 crore at Kolkata airport on Wednesday evening. Even the DRI sleuths were surprised by the volume of seizure. Three persons belonging to the same family have been arrested.
Investigations revealed the trio, part of a syndicate, have so far illegally diverted gold jewellery worth Rs 150 crore.
The father-son duo, who have a jewellery business in Hyderabad, had developed a way to evade taxes and sell gold illegally in domestic market. The third person is a cousin of the son. All three have been remanded in 14 days jail custody.
On Wednesday, the son was booked on an Emirates Airways flight to Dubai. He reached the airport in time, collected the boarding pass from the check-in desk at the international terminal and proceeded for customs clearance for the jewellery he was carrying. He then got the papers verified and the semi-finished jewellery sealed by customs officials.
“If anyone carries jewellery for exports, it has to be carried as hand luggage and not in cargo,” a customs official explained. Soon, he skipped the immigration and slipped out of the international terminal.
07/04/18 Rohit Khanna/Times of India