financetom
Business
financetom
/
Business
/
Two Air India SATS staff among 3 held for smuggling gold: Customs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Two Air India SATS staff among 3 held for smuggling gold: Customs
Nov 25, 2020 2:37 AM

Two Air India SATS (AI SATS) staff were among three people arrested by customs officials for allegedly smuggling in gold valued at Rs 72.5 lakh, according to an official statement. Giving details of the case, it said a passenger was intercepted by customs officials after his arrival from Abu Dhabi on Monday.

During interrogation, he admitted that he had carried two silver-coloured packets of chemical paste containing approximately 1.48 kg gold and hid the same in lavatory of the aircraft (he had come in), said the statement issued by the customs on Tuesday. During follow-up, one Air India SATS staff was caught by customs officers while he was handing over the packets to another AISATS staff, it said.

AISATS is an airport service provider. It is a joint venture between Air India (AI) and Singapore Airport Terminal Services (SATS). All three persons were arrested and the gold valuing Rs 72.5 lakh was seized, it said.

Also Read

: Gold smuggling case: Customs arrest suspended IAS officer M Sivasankar

During the investigation, the passenger admitted that he had smuggled gold valued at Rs 2.17 crore during his three previous visits, the statement said. On Sunday, an Air India crew member was arrested at the airport for allegedly smuggling into the country gold valuing about Rs 45 lakh.

First Published:Nov 25, 2020 11:37 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Centrus Energy Stock Is Soaring: What's Fueling The Momentum?
Centrus Energy Stock Is Soaring: What's Fueling The Momentum?
Aug 26, 2025
Centrus Energy Corp ( LEU ) shares are trading higher Tuesday after the company signed an agreement to explore potential investments to support the expansion of the company’s uranium enrichment plant. What To Know: Centrus Energy ( LEU ) announced that it signed a Memorandum of Understanding with Korea Hydro & Nuclear Power and POSCO International to explore potential expansion investments...
What's Going On With Lucid Group (LCID) Stock?
What's Going On With Lucid Group (LCID) Stock?
Aug 26, 2025
Shares of electric vehicle maker Lucid Group Inc ( LCID ) are trading higher Tuesday morning, rebounding amid recent volatility. The company last week announced a 1-for-10 reverse stock split. What To Know: The reverse split, approved by stockholders on August 18, is scheduled to take effect after the market closes on Friday, August 29. The stock will begin trading...
Update: Credo, Volex Reach Settlement Over Active Electrical Cable Patent Infringement Dispute
Update: Credo, Volex Reach Settlement Over Active Electrical Cable Patent Infringement Dispute
Aug 26, 2025
10:34 AM EDT, 08/26/2025 (MT Newswires) -- (Updates with Volex's confirmation throughout the story and the latest stock movement in the fourth paragraph.) Credo Technology Group ( CRDO ) and Volex said Tuesday they have reached a license and settlement deal regarding Credo's patents covering its active electrical cable technology. Financial terms were not disclosed. The lawsuit between the companies...
Trump Media, Crypto.com announce deal to form crypto treasury firm
Trump Media, Crypto.com announce deal to form crypto treasury firm
Aug 26, 2025
(Reuters) -Trump Media & Technology Group and Crypto.com have said they plan to launch a company that will implement a treasury-style strategy to accumulate Crypto.com's native token, cronos, deepening the U.S. president's ties to the crypto industry. The new company, Trump Media Group CRO Strategy, will go public via a merger with blank-check firm Yorkville Acquisition Corp. After the announcement...
Copyright 2023-2026 - www.financetom.com All Rights Reserved