Kerala News

Here's a guy who's smuggling in dud notes from Dubai. Why?

Customs officials at the Cochin International Airport arrested a Kerala man who was bringing in Rs 10 lakh, all in Rs 500 and Rs 1000 notes from Dubai on Wednesday morning.

Published: 24th November 2016 02:12 PM  |   Last Updated: 24th November 2016 02:12 PM   |  A+A-

By Express News Service

KOCHI: The Customs department in Kerala has unearthed a unique racket in which withdrawn currency notes of Rs 500 and Rs 1000 denomination are being smuggled into India.

Customs officials at the Cochin International Airport arrested a Kerala man who was bringing in Rs 10 lakh, all in Rs 500 and Rs 1000 notes from Dubai on Wednesday morning.

Officials suspect the man works for a racket that's transporting NRIwithdrawn currencies held by non-resident Indians [NRIs] abroad.

A Customs team is interrogating the accused. The Income Tax Department has been informed about the seizure.

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