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Forex worth Rs 1.53 cr recovered from man at Kolkata Airport – Social News XYZ


Forex worth Rs 1.53 cr recovered from man at Kolkata Airport

New Delhi, May 23 (SocialNews.XYZ) The Enforcement Directorate(ED) on Monday said that it has recovered foreign currency worth Rs 1.53 crore from a person at Kolkata Airport under Foreign Exchange Management Act(FEMA).

A senior ED official said that the search was conducted on the basis of Information received from the Airport Intelligence Unit, NSCBI Airport, Customs Kolkata on the night of May 21 that a passenger has been intercepted along with foreign exchange without any explanation.


“He had travelled from Gorakhpur to Kolkata by domestic Flight No 6E7306. During search, 1998 number of foreign currencies consisting of 1,65,000 USD and 30,460 Euro (Total equivalent to Rs 1.53 crore) were found in the possession of the passenger. However, he failed to provide the source of said foreign exchange and the purpose of travelling with such a huge amount of foreign exchange without any valid document,” said the ED official.

The official said that the said amount of currency was seized under FEMA.

An ECIR (FIR) has been lodged in this connection by the ED.

Further investigation is under progress.

Source: IANS

Forex worth Rs 1.53 cr recovered from man at Kolkata Airport

About Gopi

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.

He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.

When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.

He can be reached at gopi@socialnews.xyz





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Forex worth Rs 1.53 cr recovered from man at Kolkata Airport – Social News XYZ

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