Irish businessman arrested trying to smuggle €340,000 worth of gold into country
An Irish businessman has been arrested for allegedly trying to smuggle 10kg of gold into India.
Custom officials at Cochin International Airport confronted the man as he landed from Dubai on an Emirates flight and found the gold hidden in his jacket and pants.
The worth of the seized gold is estimated at €336,790, based on current values.
In a statement, Indian authorities said the gold bars recovered were of 24 carat purity and approximately valued at Rs 2.50 crore
“They were concealed under the pockets of a waist coat, over coat and in the pockets of the pant worn by the passenger,” the release said.
“The passenger was intercepted at the exit gate of the Arrival Hall, on suspicion that he was carrying contraband goods, a customs release said here today.
“When questioned by Customs officers whether he had any gold or other contraband goods with him, he answered in the negative.
However, on suspicion, a detailed search was carried out which resulted in the recovery of ten gold bars, weighing 10 KG. “
The Department of Foreign Affairs told Independent.ie that they “were aware of the case”, adding that the Irish embassy in New Dehli was providing consular assistance.