New Delhi’s Indira Gandhi International Airport has become a hub of gold smuggling, with more than 100 cases registered from January to June this year alone, according to information available with the Ministry of Finance. The Customs Department has seized gold worth around Rs 4,602 lakh between January and June from those trying to smuggle into India the yellow metal in the form of biscuits or jewellery. In terms of weight, around 150 kg of gold has been impounded by the Customs Department
According to highly placed sources in the Customs Department, gold is smuggled into India from places like Hong Kong, Dubai, Singapore, Bangkok and even Turkmenistan, where prices are relatively lower than in India and the differential translates into huge profits in India.
Sources in both the Central Industrial Security Force (CISF), which is responsible for maintaining security at airports, and the Customs Department, said that much of the smuggling happens in connivance with the airport staff and sometimes with the involvement of the Customs officials themselves.
25/081/8 Dibyendu Mondal/Sunday Guardian Live
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According to highly placed sources in the Customs Department, gold is smuggled into India from places like Hong Kong, Dubai, Singapore, Bangkok and even Turkmenistan, where prices are relatively lower than in India and the differential translates into huge profits in India.
Sources in both the Central Industrial Security Force (CISF), which is responsible for maintaining security at airports, and the Customs Department, said that much of the smuggling happens in connivance with the airport staff and sometimes with the involvement of the Customs officials themselves.
25/081/8 Dibyendu Mondal/Sunday Guardian Live
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