Two taiwanese nationals held for smuggling gold bars

The Air Intelligence Unit on late Friday night booked two Taiwanese nationals identified as Lin Hung Yu, 33, a graduate in Chemical Engineering and Tseng Hao Chun, 30, a graduate in Psychology after they were found in possession of 6 gold bars of 1 kg each.

The duo had Chinese passports and had arrived from Hong Kong. The officials detected the bars through the Baggage Screening Machine (BSM). The gold bars were concealed in zipped pouches which were attached to the cloth belt worn on the waist and also from their hand bags.

Each gold bar is valued at Rs 1.77 crore in the market. Both of them have admitted in their statements recorded under the Customs Act, 1962, that they were smuggling gold bars, given by a person in Taiwan in order to earn profit by selling it in the Indian market. AIU is further investigating the matter.

http://www.dnaindia.com/mumbai/report-two-taiwanese-nationals-held-for-smuggling-gold-bars-2517368