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.
Denne historien er fra October 07, 2024-utgaven av The New Indian Express.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra October 07, 2024-utgaven av The New Indian Express.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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