Air India staff found smuggling gold

Air India staff found smuggling gold
A saleswoman arranges a gold necklace inside a jewellery showroom in the southern Indian city of Kochi in this April 16, 2013 file photo

NEW DELHI - Indian authorities have found 13 cases of gold smuggling by employees of the national carrier, Air India, over the past three years and the current year, the junior civil aviation minister said on Wednesday.

India, the biggest buyer of gold after China, last year imposed a record 10 per cent import duty and made it mandatory to export a fifth of all bullion imports to constrict its trade deficit.

But this has led to heavy smuggling, with some gold in imported vehicles and even using human mules who swallow nuggets to try to get them past airport security.

Junior Civil Aviation Minister G.M. Siddeshwara told parliament that disciplinary action has been taken against the Air India employees. He did not disclose the amount of gold smuggled or give any other details.

Government figures show that only 2.34 tonnes of smuggled gold was retrieved last year, while the World Gold Council estimated 200-250 tonnes of gold illegally entering India.

More about

Purchase this article for republication.

BRANDINSIDER

SPONSORED

Most Read

Your daily good stuff - AsiaOne stories delivered straight to your inbox
By signing up, you agree to our Privacy policy and Terms and Conditions.