Foreign currency worth Rs 35.4 lakhs seized at Amritsar airport, 1 held
PTC News Desk: The Directorate of Revenue Intelligence have arrested a passenger at Sri Guru Ramdass Jee International Airport for smuggling foreign currency out of the country after concealing it in a bag.
The arrest followed a credible tip off intercepting a passenger smuggling unaccounted currency exceeding RBI's permissible limit. The DRI officials in a statement issued here on Friday said that the accused passenger was travelling to Dubai via Air Indian Express flight on Thursday. They said that during the search of his luggage, a total of US $41,400 worth Rs 35.40 lakhs were recovered. This bag was hidden in another checked-in baggage.
“The currency was unaccounted for and exceeded the RBI’s permissible limits. Therefore it was seized by the DRI under various provisions of the Customs Act 1962.
The preliminary reports suggest that the accused was involved in illegal trafficking of foreign currency for monetary gains. The investigation into the matter is underway.
The incident amounts to second such case in a month. Earlier the agency confiscated foreign currency worth Rs 2.66 crores on May 3.
- PTC NEWS
