BUSINESS

Gold-smuggling operation loses its shine; 56 Lankans held

Kumudu Jayawardana

The long-suspected international gold smuggling racket centred on the Colombo-Kochi-Chennai axis was dramatically confirmed on Sunday, when the air intelligence unit of Cochin International Airport apprehended two groups of Sri Lankan nationals who arrived in the city with around 11 kilogrammes of gold ornaments worth more than Rs 3 crore.

On Sunday morning, the air intelligence unit seized 10 kg of crude gold ornaments from forty two Sri Lankan nationals of whom twenty eight were women. In the evening, another 1.733 kg of gold was seized from fourteen Sri Lankan nationals, one of them a woman. Both groups had arrived from Sri Lanka, and severak of them were found to have frequently travelled to India from Sri Lanka since September.

The law permits only bailable charges to be slapped if the quantity of gold seized from each person is less than one kilogramme, which, according to intelligence officials, explained the unusually large number of carriers on Sunday.

“This is the first time that involvement of Sri Lankans in gold smuggling racket has come to light. We would be sending a report to the Sri Lankan Embassy through our headquarters soon,” said K. N. Raghavan, Customs Commissioner, Cochin International Airport.

Based on a tip off, the Air Intelligence Wing conducted a search when Sri Lankan flight UL 165 reached Kochi airport around 9 am. While the men wore ornaments on their necks but concealed by large collars, the women hid the ornaments in their undergarments. “The modus operandi is simple. Each person smuggles gold in a limited quantity thereby making it difficult for us to catch them. It took around 9 hours for us to assess the value of gold seized from each person,” said SAS Navaz, Deputy Customs Commissioner, Air Intelligence Wing.

Officials pointed out that, given the difference between gold rates in India and Sri Lanka, if one kilogramme of gold is smuggled to India  would provide the smugglers a profit of Rs 3 to 4 lakh. Verification of their passports shows that many of those caught on Sunday are frequent travellers to several South Indian airports. Some of them travelled to Kochi six times this month. They would frequent to Chennai, Madurai etc. However, their favourite destination seems to be Kochi,” Navaz said.

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