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Gold smuggling: Involvement of Customs staffers at Mangaluru Airport raises eyebrows

coastaldigest.com web desk
November 1, 2018

Mangaluru, Nov 1: Customs employees at the Manglauru International Airport have once again come under the scanner after the involvement of two staffers in gold smuggling racket came to light recently.

Ashwin N V and Srikanth, both Customs hawaldars were recently arrested by the sleuths of the Directorate of Revenue Intelligence (DRI) on charges of helping the gold smugglers at the airport. It is learnt that both of these officers had gained employment in the department on compassionate grounds.

Both the arrests come after the seizure of gold worth Rs 47 lakh from one Niyaz Khadar at the Airport on September 20. A resident of Mulleriya in Kasaragod, Khader was caught on his arrival here from Dubai.

After subjecting Khader to interrogation, the officials arrested Srikanth for helping the former and seized gold worth Rs 25 lakh from the latter’s residence.

The DRI officials, who continued the investigation, then arrested one Akbar Siddiq who was purchased the smuggled gold. During the interrogation, Siddiq spilled the beans on the involvement of hawaldar Ashwin, sources in the customs department said.

The involvement of insiders in gold smuggling had come to light at Mangaluru Airport in the past too. Department sources said that it would take strict action against the culprits after detailed investigation.

Comments

Well Wisher
 - 
Thursday, 1 Nov 2018

I had this doubt long back. How come people smuggle this much of gold with daring. If a normal passenger takes an 8 gms of gold, they try to harass him. What to do! Kachche din for India and Achche din for looters. Waw. what a cooperation between so-called Hindu namesakes and Muslim namesakes. Please hang them in public.

Respected CM Sir, please appoint some honest officers instead of such bullshit Veerappans. Honest like Singam Annamalai Sir. 

Jai Karnataka Jai Hind

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News Network
April 19,2020

Bengaluru, Apr 19: The Karnataka government on Saturday ordered 2 lakh Personal Protective Equipment (PPE) kits from DHB Global and 1 lakh from other major pharmaceuticals, for the healthcare warriors treating coronavirus patients.

According to the State Health Department, these PPEs have 10 components as per global standards like a face mask to prevent healthcare professional from any liquid sprays, goggles for additional safety, N95 masks for protection of nasal and mouth areas, surgical masks, nitrile gloves, coverall suit, shoe cover, waste disposable bag, plastic apron, and protective gear.

Each of the products should have the relevant certificate from the Food and Drug Administration (USFDA) or equivalent certification.

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News Network
July 31,2020

Bengaluru, Jul 31: Gyms in Bengaluru carried out sanitation work on Thursday following the Centre's nod to reopen gyms from August 5, after several weeks of COVID-induced lockdowns.

"We are taking all the precautionary measures prescribed by the government and will follow the guidelines very strictly. A thermal scanner, oximeter and hand sanitizers have been placed at the entrance of the gym. 

We request all other gym owners also to follow the guidelines strictly to keep their members safe and healthy," said Prasad Kumar, a gym owner in Bangalore.

He added, "The last few months have been very difficult for us gym owners and fitness instructors. We are very grateful to the government for allowing us to re-open. 

We are going to be very cautious when we open. Even before this COVID-19 pandemic, we used to sanitise all the equipment before and after every use so hopefully, this won't be too difficult for us. We are getting rid of the air conditioners to allow cross ventilation and open the space a little more."

According to Chandu Gowda, an actor and frequenter of the gym, working out at home was not the same as working out in the gym with the proper equipment.

"I'm very glad that I get to come back and work out as I used to before this lockdown. For an actor, working out is extremely important, not just for my physical health but also mental health. 

Doing exercises at home is never as good as exercising in a space dedicated to one purpose. I hope other members of the gym follow the rules and regulations religiously," Gowda said.

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News Network
June 6,2020

Jun 6: Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs 285 crore consequent to loans gone bad to four entities including DHFL.

A total of Rs 285.52 crore has been reported as fraud wherein the bank was one of the consortium lenders during 2009 to 2014 to Dewan Housing Finance Corporation Ltd (DHFL), Religare Finvest, Fedders Electric and Engineering Ltd and Leel Electricals Ltd, Karnataka Bank said in a regulatory filing on Friday.

The maximum is owed by DHFL at Rs 180.13 crore, followed by Religare Finvest Rs 43.44 crore, Fedders Electric Rs 41.30 crore and Leel Electricals Rs 20.65 crore.

"DHFL (defaulted entity) dealing with us since 2014 had availed various credit facilities under consortium arrangement wherein, we were one of the member banks. In view of Early Warning Signals (EWS) in the conduct of the account and other developments, the account was red flagged on November 11, 2019.

"The borrowing account was classified as Non-Performing Asset on October 30, 2019 and now, for misappropriation & criminal breach of trust & diversion of funds in the credit facilities extended earlier to the company, a fraud amounting Rs 180.13 crore has been reported to RBI," Karnataka Bank said.

Likewise, Religare Finvest Ltd (RFL) was dealing with the bank since 2014, availing various credit facilities.

Following classification of this account as non-performing in October 2019 by a consortium member, Karnataka Bank reported to RBI a fraud amounting to Rs 43.44 crore in the credit facilities extended earlier, on account of diversion of funds.

Leel Electricals was classified as NPA account in March 2019 and it reported to RBI a fraud amounting to Rs 20.65 crore in the credit facilities to the company on account of diversion of funds.

"In all the referred three non-performing accounts, necessary provisions have been made in full to be spread across four quarters," it said.

Fedders Electric and Engineering Limited was reported as NPA in July 2018 by a member bank in consortium, subsequent to which Karnataka Bank reported fraud of Rs 41.30 crore on account of fund diversion.

The account has already been fully provided for, it added.

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