Couple caught with undeclared foreign currency worth Rs1 crore at Mumbai airport.
The couple were caught with USD worth Rs 20.34 lakh and UK Pounds worth Rs 80.76 lakh. AIU suspects that the couple was part of a professional smuggling racket.
The Air Intelligence Unit (AIU) on Tuesday intercepted an Indian couple, who were flying to Bangkok, with undeclared foreign currency worth Rs 1 crore at Chhatrapati Shivaji Maharaj International Airport (CSMIA).
Nagpada residents Rayyan Thakur, 29, and his wife Afren Thakur, 28, were caught with US Dollars worth Rs 20.34 lakh and UK Pounds worth Rs 80.76 lakh. AIU suspects that the couple was part of a professional smuggling racket.
The couple, currently in judicial custody, has been charged under relevant sections of the Customs Act; Passport Act; Foreign Exchange Management Act (FEMA) 1999; and Foreign Exchange Management (Export and Import Currency) regulation 2000.
“The foreign currencies had been concealed with thick plastic covers over the trolley bags’ base. During interrogation, they told officers that they had collected the bag from one Adnan Shaikh in Bhendi Bazaar. Shaikh allegedly told them that the bag would be collected by a man in Bangkok. They were to be given Rs 12,000 for this exchange,” said an AIU official.
Related Posts
Gold worth Rs 89.59L seized from Indian flier.
Two gold bars and two pieces of gold valued at Rs 89.59 lakh were seized from an...
Three men arrested, smuggled cigarettes, tobacco worth RM1.8m seized.
Police arrested three men and seized smuggled cigarettes and tobacco, worth RM1.8...
Counterfeit trade US$250 billion a year
‘The counterfeit goods industry is so sophisticated that it is often impossible...
30% FMCG items fake, counterfeit auto parts cause of 20% accidents: FICCI
FICCI CASCADE, the industry body working on addressing unlawful trade activities...