A Kerala businessman was apprehended at Pune International Airport on charges of attempting to smuggle a large quantity of foreign currency out of India. The man, whose identity has been withheld, was caught by customs officials while attempting to board a flight bound for an international destination.
During routine screening, authorities discovered that the businessman was carrying a significant amount of cash in foreign currency, which exceeded the permissible limits set by Indian regulations. According to sources, the businessman failed to declare the money, which led to his arrest under the Foreign Exchange Management Act (FEMA). The total amount of foreign currency seized is reported to be several lakhs, and the man is now facing legal action for violation of customs regulations.
This incident highlights the vigilance of customs authorities at Pune International Airport in detecting illegal activities and preventing the unlawful movement of currency across borders. Smuggling foreign currency is a serious offense under Indian law, and those found guilty can face substantial fines and even imprisonment. The authorities are continuing their investigation to determine whether the businessman was part of a larger syndicate involved in currency smuggling.
The arrest serves as a reminder to travelers of the importance of adhering to customs regulations, particularly regarding the declaration of foreign currency when traveling abroad. As the investigation progresses, further details about the businessman’s intentions and the sources of the seized currency may emerge.
