Speed Post News Network
New Delhi :The Directorate of Revenue Intelligence (DRI) in the early hours of November 26, 2021, intercepted two passengers with illicit foreign currency worth Rs 3.7 crore at Mumbai International airport
Under ‘Operation Cheque Shirts’, using data analytics, Directorate of Revenue Intelligence developed specific intelligence on two passengers intending to smuggle foreign currency outside India. DRI officers intercepted the two passengers at the Chhatrapati Shivaji Maharaj International Airport, Mumbai, Maharashtra, in the early hours of November 26, 2021. They were scheduled to travel to Sharjah. Examination of their baggage yielded foreign currency in the form of US Dollars and Saudi Dirhams valued at Rs 3.7 crore, according to a PIB release.
The foreign currency was found concealed deep in ingeniously designed false bottoms of the carry-on luggage. The mode and manner of concealment would have made the detection difficult in ordinary baggage scans. The two intercepted passengers had no documents for the illicit possession or for legal export of the said foreign currency. The foreign currency recovered from these passengers was seized in terms of Section 110 of the Customs Act, 1962. Further investigations in the matter are on.
Besides amounting to “smuggling” in terms of the Customs Act, illicit export of foreign currency provides a means for laundering proceeds of unlawful and criminal activities. Further, it also poses a grave threat to national economy and national security.
DRI maintains an active vigil and operational readiness to check the smuggling of foreign currency, gold, narcotics, and other contraband goods into and out of India. This was the fourth such case of large foreign currency seizure at an international airport in the last one and a half month.
