Foreign currency worth Rs 1.25 crore seized at Mumbai airport
The Air Intelligence Unit (AIU) of Mumbai customs on Wednesday arrested a passenger at Mumbai’s Chhatrapati Shivaji International Airport with an assortment of foreign currency worth Rs 1.25 crore.
The passenger, identified as Mohammad Faraaz Akhtar Upletawala, was arrested yesterday before his departure for Hong Kong by Jet Airways flight 9W 76.
The assorted foreign currencies were 2,00,000 USD, 1,260 Hong Kong dollars, and 730 Chinese Yuan, totaling up to an estimated 1.25 crore rupees.
During the investigation, apart from the amount, two trolley bags and a laptop bag were recovered which were later seized under the Provisions of the Customs Act, 1962.
In his statements recorded under Section 108 of the Customs Act, Upletawala admitted the possession of the said currency under seizure.
An investigation into the matter is currently underway.
Last week, the Central Industrial Security Force (CISF) had apprehended a passenger trying to smuggle gold worth approximately 18 lakh, concealed in a power bank, from a passenger at Mumbai airport.