Mumbai: The latest statistics released by the Air Intelligence Unit of India Customs suggests that the quantity of smuggled gold seized at Mumbai International Airport during the first half of the year is the highest in the past 15 years.
According to officials, a total of 535 kilograms of gold were seized during the initial six months of the year. The quantity of seized gold is expected to cross 1,000 kilograms in 2014, surpassing the previous highs of 800 kilograms in 1989.
The instances of gold smuggling have been escalating. This is quite evident from the fact that 323 kilograms of gold were seized during the three-month period from April to June.
23/07/14 Paul Plomus/Resource Investor
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According to officials, a total of 535 kilograms of gold were seized during the initial six months of the year. The quantity of seized gold is expected to cross 1,000 kilograms in 2014, surpassing the previous highs of 800 kilograms in 1989.
The instances of gold smuggling have been escalating. This is quite evident from the fact that 323 kilograms of gold were seized during the three-month period from April to June.
23/07/14 Paul Plomus/Resource Investor
