Having registered as exporters, the jewellers procured thousands of kilogrammes of imported duty-free gold bars from RBI nominated agencies, such as banks and government bodies, under the agreement that they would be used for manufacturing gold jewellery for export.
However, only 10% of the gold was used to manufacture jewellery and the rest was diverted into the open market by allegedly selling it in black.
Chennai Air Cargo Complex principal customs commissioner M Mathew Jolly, in his two detailed investigation reports in January 2023 and September 2024, alleged that the manufactured gold jewellery was misdeclared as 22 carat and exported with the collusion of a group of customs officers, who had accepted huge bribes for clearance.
Diese Geschichte stammt aus der October 07, 2024-Ausgabe von The New Indian Express.
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Diese Geschichte stammt aus der October 07, 2024-Ausgabe von The New Indian Express.
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