Businessman held for over Rs 3 crore gold smuggling.

MUMBAI: Directorate of Revenue Intelligence officials on Wednesday arrested businessman Yusuf Kalwa in a case involving smuggling of 12.5kg gold worth Rs 3.6 crore through a courier. His son, Mustafa, is already in judicial custody for the same offence. They are believed to have smuggled in 50kg gold using the same modus operandi.

In July, DRI had unearthed a racket wherein gold was procured from Dubai and smuggled in Mumbai through courier from London. Officials had arrested two others, including Muzaffar Pawaskar, promoter of Global Trading Company, for allowing his company's import-export code for smuggling in gold. The gold was declared as machine parts and coated with iron to evade detection. Customs has a courier cell but it carries out random checks of consignments.

Officials said in 2012, Yusuf and his wife Farida were arrested from the airport for attempting to smuggle 13 high-end Hublot watches worth Rs 1.82 crore from Dubai. Famida had wrapped the watches in a waist pouch and hid it under her burqa. Both were later released on bail.