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Gold Smuggling Soars in India

Monday, February 11, 2013 9:43
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(Before It's News)

Gold smuggling incidents in the current fiscal year have zoomed over nine times as compared to the same period last year, with 250 tonnes coming in illegally.

by Shivom Seth
Mine Web

MUMBAI (MINEWEB) –

Cases of smuggled gold entering India are coming in thick and fast. Almost as fast as gold coins and jewellery pieces are flying off retail shelves.

* A brother-sister duo who arrived in Hyderabad by an Emirates flight from Dubai, were arrested for trying to smuggle in 8kgs of gold ornaments.

* Mumbai airport custom officials arrested a Somali national with a Dutch passport, for attempting to smuggle in 5kgs of gold.

* Eighteen kgs of gold were confiscated in Hyderabad and Chennai at their respective airports.

Continue Reading at MineWeb.com…



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