In a significant breakthrough against foreign currency smuggling, Pune Customs officials intercepted an attempt to illegally transport foreign currency worth ₹3.47 crore. The seized currency was cleverly concealed within the pages of notebooks and was discovered at Pune International Airport. This operation is part of an ongoing investigation into an extensive hawala network.
Students Caught Smuggling Foreign Currency to Dubai
The smuggling attempt involved three female students traveling to Dubai, who were found in possession of the concealed cash. During questioning, they revealed that their trip was organized through a Pune-based travel agent, Khushbu Agarwal. The students further disclosed that Agarwal had handed them the bags containing the foreign currency before their journey.
Forex Firm Raided in Mumbai
Following this revelation, Pune Customs intensified their probe and conducted a search operation at a forex firm in Mumbai. This led to the arrest of Mr. Mohd Aamir, who was identified as the supplier of the smuggled foreign currency. During the raid, officials seized various foreign currencies equivalent to approximately ₹45 lakh.
Hawala Network Under Investigation
Authorities suspect that this smuggling attempt is linked to a larger hawala network facilitating illicit financial transactions. The investigation is expected to uncover more links between currency smuggling, forex traders, and international money laundering operations.
Stringent Action Against Currency Smuggling
The Pune Customs department has reiterated its commitment to cracking down on illegal foreign currency movement and has urged travelers to refrain from engaging in unlawful financial activities. Such offenses fall under the purview of the Foreign Exchange Management Act (FEMA) and Customs Act, attracting severe legal consequences.
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