Hyderabad: Directorate of Revenue Intelligence (DRI) officials reportedly seized foreign currency worth more than Rs 1.56 crore from two passengers at Rajiv Gandhi International Airport in Shamshabad. The passengers were preparing to travel to Kuala Lumpur. Officials reportedly arrested both in connection with the foreign currency seizure.
Preliminary details showed that officials found foreign currency worth Rs 63.62 lakh with one passenger. They found another Rs 91.94 lakh worth of currency with a female passenger. The combined value exceeded Rs 1.56 crore.
Officials detected the money during airport checks. They questioned the passengers about the documents and authorisations required to carry such a large amount of foreign currency abroad. Investigators are examining whether the passengers violated rules while transporting the money.
Foreign currency seizure prompts probe into source of funds
Investigators are trying to establish where the passengers obtained the foreign currency and who intended to receive it. They are also examining whether other people played a role in the transaction.
The foreign currency seizure came to light as the two passengers prepared to travel to Kuala Lumpur. DRI officials are investigating the circumstances surrounding the transfer and whether the passengers complied with regulations governing foreign currency transport.
The available information did not identify the currencies seized or specify which documents the passengers allegedly lacked. Investigators were continuing to examine the source of the money, its intended destination and possible links to others.