Businessman held for over Rs 3 crore gold smuggling
MUMBAI: Directorate of Revenue Intelligence officials on Wednesday arrested businessman Yusuf Kalwa in a case involving smuggling of 12.5kg gold worth Rs 3.6 crore through a courier. His son, Mustafa, is already in judicial custody for the same offence. They are believed to have smuggled in 50kg gold using the same modus operandi.
In July, DRI had unearthed a racket wherein gold was procured from Dubai and smuggled in Mumbai through courier from London. Officials had arrested two others, including Muzaffar Pawaskar, promoter of Global Trading Company, for allowing his company’s import-export code for smuggling in gold. The gold was declared as machine parts and coated with iron to evade detection. Customs has a courier cell but it carries out random checks of consignments.
Officials said in 2012, Yusuf and his wife Farida were arrested from the airport for attempting to smuggle 13 high-end Hublot watches worth Rs 1.82 crore from Dubai. Famida had wrapped the watches in a waist pouch and hid it under her burqa. Both were later released on bail.
Related Posts
Help Us Fight Fakes, Alibaba’s Security Chief Tells Global Brands
When it comes to fighting fakes, Alibaba’s head of internet security says...
Real or Fake? Consumers Can Now Tell
Belgian label producer Reynders has teamed up with ScanTrust, based in Lausanne,...
Guwahati: Counterfeit cigarette racket busted in Bamunimaidam, One Held
Guwahati: A CGPD team from Chandmari Police Station raided a shop near Colony...
Officials seize 292 domain names to protect consumers during holiday season
The holiday season is rife with online rip-offs. In a move to protect consumers,...