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Demonetisation: Rs 69 lakh seized from Mumbai airport, four arrested

Three of the accused said that they brought the foreign currency from Saudi Arabia during their visit last week but did not declare the money before the Customs.

By: PTI | Mumbai | Published: December 28, 2016 12:56 pm

Mumbai Customs sleuths today seized cash totalling around Rs 69 lakh in two separate cases here, which included recovery of Rs 25 lakh in 2,000 rupee notes. The Air Intelligence Unit (AIU) of the Customs made these seizures at the international airport here in the wee hours and four persons were arrested in this connection. In the first case, foreign currency worth over Rs 43 lakh was recovered from three passengers — Shaikh Waheed Ali, Mohammed Sohail and Shaikh Pasha — who arrived here from Hyderabad.

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“A detailed examination of the baggage of Ali resulted in recovery of 1,39,000 Saudi Riyals, 5,65,000 UAE Dirhams and 14,000 Australian dollars,” said a Customs official, adding that the total value was Rs 43.97 lakhs.

This money was found wrapped in newspapers and was concealed in their check-in baggage.

The trio in their statement have said that they brought the foreign currency from Saudi Arabia during their visit last week but did not declare the money before the Customs.

“They have also said that they came to Mumbai for conversion of the currency expecting good returns,” the official said.

They were arrested after a case under Customs Act and Foreign Exchange Management Act was registered against them.

In another case, one Arif Koyante who was departing to Dubai was arrested after Rs 25 lakh, in denominations of Rs 2000, was seized from him.

Officials said a search of his baggage yielded 1,250 notes kept in 52 different envelopes made of white paper.

“These envelopes containing currency were further placed inside layers of 13 cardboards on which ready made garments were neatly wrapped,” said the official adding that the currency was seized on the reasonable belief that it was attempted to be smuggled out of India.

A case under Customs Act and FEMA has been registered against Arif and he has admitted to possession, carriage, concealment and recovery, the official said.

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  1. A
    Abhinav Gour
    Dec 28, 2016 at 12:21 pm
    Scrutinise sll bank managers n officials as well as rbi officials
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    1. W
      WER
      Dec 28, 2016 at 4:10 pm
      Good step but must get to the root cause to eradicate it. lt;br/gt;lt;br/gt;Looks like there are some very corrupt officers at very senior levels in banks/RBI.
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      1. P
        Parth Garg
        Dec 28, 2016 at 8:34 am
        These are headlines only to justfy demonetisation which has proved an utter flop whereby the common man is put to untold harment.
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        1. vihari naidu
          Dec 28, 2016 at 9:43 am
          Our Rs.2000 reached Saudi but not our banks. Even Kashmir terrorists have access to the new notes but not the common man.
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          1. R
            RKJ
            Dec 28, 2016 at 10:06 am
            I failed to understand how people are able collect so much money in new currency. This cannot happen without help of corrupt bank managers. It is really frustrating to see how the effort of honest PM are being neutralized.
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