Eight youth nabbed for money laundering

8 July 2012 02:46 pm - 3 - {{hitsCtrl.values.hits}}

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Eight young Chennai-bound Indians who tried to smuggle out foreign currency worth of Rs. 4,841,672 were arrested by the Customs at BIA last morning.

Among them the currencies were 1,32,500 Saudi Riyals and 412 US Dollars, the Customs said.

They said the other youth were checked after the currencies were found in the possession one of the group members. The eight youth had possessed an equal amount of money.

Following investigations, they had said that a businessman in Colombo had given them the money to be handed over to a person who would meet them at the Chennai airport.

The customs said these youths had been visiting Sri Lanka four to five times a week to handover garments to Sri Lankan garment entrepreneurs. It is believed that they had been trafficking currency with the aim of making more money. (Deepa Adikari)

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Comments - 3

Godagampala Rohana Sunday, 08 July 2012 04:09 PM

Hay Jayalalitha, what's wrong with your men? Don't you feel guilty about this?

Kiris Baba Amaray Sunday, 08 July 2012 04:11 PM

Black mark for Chennai. The whole world is watching Chennain now. CM - Chennai should hold responsibility for this nasty act.

Amarathunga Chandika Sunday, 08 July 2012 04:19 PM

Strern action has to be taken against these smugglers. IGP, its over to you.

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Eight youth nabbed for money laundering

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