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Gold smuggling racket busted
Gold smuggling racket busted, The East Zone Task Force on Saturday claimed to have busted a gold smuggling racket by arresting a businessman and seizing foreign currency worth Rs 93 lakh from his possession.
- One held with Rs 93 lakh worth foreign currency
- Smugglers sent to Dubai on visit visas
- Gold smuggled out of RGIA with help of wheel-chair assistants
Hyderabad: The East Zone Task Force on Saturday claimed to have busted a gold smuggling racket by arresting a businessman and seizing foreign currency worth Rs 93 lakh from his possession.
Acting on a tip off, sleuths of Commissioner's Task Force nabbed one Syed Sajid alias Ajju, from Kalapattar, and seized from his possession 4.5 lakh Saudi Riyals and 1.31 lakh UAE Dirhams, collectively worth about Rs 93 lakh in Indian currency.
During investigations, police found that Ajju was involved in smuggling gold into India along with one Ali Bin Sayeed alias Fahad, who was already arrested by Customs department and presently lodged in Chanchalguda Jail, said Task Force Additional Deputy Commissioner of Police B Limba Reddy.
Police said for the past few days Ajju was operating on his own. Ajju used to send his known contacts to Dubai from RGIA (Rajiv Gandhi International Airport) here by arranging visitor visas with return tickets. He also gave his contacts foreign currency to buy gold biscuits. The gold biscuits purchased in Dubai were smuggled into India through RGIA. He was also assisted by wheel-chair assistants of Air India, Mohd Farooq and Praveen Kumar, in bringing out gold from the airport, the Additional DCP said.
The smuggled gold was converted into small pieces and sold in the local market. It was found that Ajju was in this illegal activity for the past over two years.
As the case pertains to Enforcement Directorate, the accused person along with seized property would be handed over to the agency here for further investigation, the officer said, adding that search was on to nab others involved in the racket.
