Smuggling of small quantities of gold remains a big mystery

Recent seizure of 716.4 grams of gold at Kochi airport points to a new trend

August 17, 2017 12:22 am | Updated 12:22 am IST - Kochi

Some days ago, officials with the Air Intelligence Unit of the Air Customs at Cochin International Airport Limited (CIAL) seized two gold wires cleverly concealed inside the central frame of a trolley bag.

The gold, weighing about 716.400 grams, was seized while examining a passenger who landed here from Dubai. Thinking that the passenger should be carrying more gold, officials subjected him to a thorough search, but to no avail.

Customs officials say that recently they had come across several cases in which attempts were made to smuggle only a small amount of gold. They suspect that it’s a new trend where the rewards do not seem to match the costs and risks involved.

“The rationale behind this new trend is a mystery. We also suspect it to be some kind of a diversionary tactic,” says S. Anil Kumar, Additional Commissioner of Customs, CIAL.

Smugglers are still relying on old techniques such as concealing gold in electronic and electrical equipment, or moulding it in the form of belt buckles, suitcase handles and beading.

Officials are also pointing to a trend in which gold rackets in Koduvally and Kasaragod are deploying carriers from locations across Kerala. “This has rendered the location-wise profiling of passengers almost ineffective. For instance, we have not intercepted even a single carrier from Kasaragod this year,”says another senior official.

They say the racketeers might be deliberately reducing the quantity of gold considering the risk involved in employing innocent first-time carriers. Further, the profit margin of gold has slumped considerably owing to the price fluctuations in international as well as domestic markets.

Customs officials say since they have intensified surveillance on those landing from destinations including Dubai, gold smugglers are now sending carriers via other routes, including Saudi Arabia and Qatar.

As per official estimates, Customs sleuths seized 19 kg of gold during the January-May period, and effected about 10 seizures over the two months following it.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.