Two taiwanese nationals held for smuggling gold bars
The Air Intelligence Unit on late Friday night booked two Taiwanese nationals identified as Lin Hung Yu, 33, a graduate in Chemical Engineering and Tseng Hao Chun, 30, a graduate in Psychology after they were found in possession of 6 gold bars of 1 kg each.
The duo had Chinese passports and had arrived from Hong Kong. The officials detected the bars through the Baggage Screening Machine (BSM). The gold bars were concealed in zipped pouches which were attached to the cloth belt worn on the waist and also from their hand bags.
Each gold bar is valued at Rs 1.77 crore in the market. Both of them have admitted in their statements recorded under the Customs Act, 1962, that they were smuggling gold bars, given by a person in Taiwan in order to earn profit by selling it in the Indian market. AIU is further investigating the matter.
http://www.dnaindia.com/mumbai/report-two-taiwanese-nationals-held-for-smuggling-gold-bars-2517368
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Derby smugglers locked up after raid uncovers THREE MILLION illegal cigarettes
Two Derby ringleaders of a smuggling gang have been locked up after they were caught with more than THREE MILLION illegal cigarettes.
Alan Rashid, 33, and Goran Mohamed Ahmed, 34, dodged almost £1.2 million in taxes before a raid by officers from Her Majesty’s Revenue and Customs (HMRC) stopped their operation in its tracks.
Further raids uncovered more illegal goods at addresses linked to the pair – including a storage container in Ilkeston and a house in Derby’s Harvey Road.
Rashid and Ahmed were jailed for four years and six months each at Derby Crown Court on Wednesday.
The HMRC’s Stuart Taylor, assistant director of the fraud investigation service, said legitimate traders would have been hit as a result of the pair’s actions.
http://www.derbytelegraph.co.uk/news/derby-news/derby-smugglers-locked-up-after-249278
Lear MoreItalian citizen sentenced to 37-month prison term for counterfeit Apple products
The U.S. Justice Department said Italian national Rosario La Marca, 54, will spend the next 37 months in prison for illegally smuggling counterfeit iPhones, iPads and iPods from China into the United States have exceeded $15 million.
The devices were shipped separately from the labels bearing counterfeit trademarks to avoid detection by Customs and Border Protection. Once they passed through customs, the devices were then labeled and packaged, the Justice Department said.
“The defendants then re-shipped the devices to conspirators all over the U.S.,” the department explained. “Proceeds from the sales of the devices were funneled back to the defendants’ accounts in Florida and New Jersey via structured cash deposits – broken into multiple deposits of less than $10,000 each to avoid bank reporting requirements – and a portion of the proceeds was then transferred to conspirators in Italy, further disguising the source of the funds.”
Customs nab man for smuggling Rs 57 lakh in gold bars
Customs at Delhi’s Indira Gandhi International airport arrested a man for allegedly trying to smuggle into the country gold valuing about Rs 57 lakh.
The man was arrested after he landed at the Delhi airport from Riyadh on Wednesday.
The accused was identified as a 37-year-old from of Rajasthan. According to the senior customs officers, based on intelligence, the accused was intercepted as he was about to cross the green channel and was asked to cooperate for frisking and luggage scanning.
“It was during the detailed personal search of the passenger that eight gold bars were recovered from him weighing about two kilograms. These gold bars were found concealed in the electric wire roll which the man was carrying along,” the officer said.
http://www.dnaindia.com/delhi/report-customs-nab-man-for-smuggling-rs-57-lakh-in-gold-bars-2516411
Lear MoreKingpin’ of gutka smuggling racket arrested; bond papers, cash worth Rs 1 crore seized
CHENNAI: A man, who police believe to be the ‘kingpin’ in gutka smuggling racket in the city, has been arrested. Police seized from his house bond papers and cash totally worth about Rs 1 crore.
Police officers said a search was conducted at the house of P Prithesh Kumar Tiwary, 39, at KK Koil Street at Choolai on Friday night. “When we reached the house, he managed to escape.
But, when we searched the house, we found bond papers valued at Rs 52 lakh, 200 grams of gold and Rs 50 lakh in cash,” said an officer involved in the investigation. On Saturday, Tiwary surrendered to police.
Police sources said the search was conducted based on a tip-off from the crackdown on gutka sales in the city. As many identified Tiwary as one of the suppliers of the contraband, police conducted the search.
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More than 88,500 cases of smuggling in first half of the year
HÀ Ná»�I — In the first six months of 2017, authorities uncovered 88,560 cases of smuggling, prosecuting 1,100 cases involving 1,372 people.
Authorities collected VNÄ�7.9 trillion (US$347.5 million) from administrative fines, selling off confiscated smuggled goods, and tax arrears, 40 per cent more than the previous year’s first half.
According to National Steering Committee 389, the majority of smuggled goods fall into categories of essential consumer goods, heavily taxed goods, or goods banned for import, such as cocaine, explosives, tobacco, cosmetics, petrol and gas, elephant tusks or rhino horns, among others.
Some notable cases include an interception of 7,800 foreign cigarette packs in the southern province of Long An, or confiscation of 26kg rhino horns and 6kg of elephant tusks in Hà Ná»�i, and apprehension of 20 ships illegally transporting 3.5 million litres of gas.
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Smuggler of counterfeit electronics sentenced to 37 months in prison
An Italian national named Rosario La Marca has been sentenced to 37 months in prison by a Newark, New Jersey judge for smuggling fake#Electronics such as iPhones, iPads, and iPods from #china into the#United States. The 54-year-old who resided in Naples, Italy had pleaded guilty on February 22 to charges of trafficking and smuggling fake goods into the United States as well as laundering money. The judge also sentenced him to one year of supervised release.
How Rosario committed the crimes
Rosario had admitted in February this year that from July 2009 to February 2014, he and five others conspired to smuggle more than 40,000 electronic devices and accessories from China into the United States. The electronics bared Sony and Apple trademarks and were estimated to be worth $150 million. The devices were labeled as genuine after being passed through U.S customs and were then sent to conspirators inside the U.S.
Lear MoreChina intensifies crackdown on smuggled, counterfeit cigarettes
BEIJING, July 20 (Xinhua) — Chinese tobacco authorities seized 195,000 cartons of smuggled and counterfeit cigarettes in the first half of this year, the State Tobacco Monopoly Administration said Thursday.
Tobacco authorities at all levels worked closely with the police and customs authorities to intensify the crackdown on smuggling gangs.
A total of 2,817 counterfeit cigarette cases, each worth 50,000 yuan (7,353 U.S. dollars) or more, were solved from January to June.
Law enforcement agencies captured 3,786 suspects for producing and selling counterfeit cigarettes and prosecuted 1,601 of them.
China is the world’s largest cigarette producer and consumer market, with over 316 million adult smokers. The cigarette trade is governed by a state monopoly.
http://news.xinhuanet.com/english/2017-07/20/c_
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Cess On Cigarettes Wipes Out Rs 48K Cr From Bse in 1 Day
The Goods and Services Tax Council’s decision to increase the cess on cigarettes triggered a sharp selloff in shares of tobacco companies with the ITC scrip falling by nearly 13 per cent on
Tuesday and investors losing nearly Rs 48,000 crore in a single day’s trading.
According to a report on moneycontrol.com, the total market capitalisation of ITC on the Bombay Stock Exchange (BSE) contracted from Rs 3,96,171.25 crore recorded on Monday to Rs 3,48,629 crore on Tuesday, which translates into a notional loss of Rs 47,542 crore. ITC which holds a weightage of 7.2 per cent in the Sensex was the biggest contributor to the decline in the index.
Other cigarette stocks Godfrey Phillips and VST Industries also tanked by up to 7.83 per cent.
After the GST Council raised the cess on cigarettes on Monday, many brokerages revised their estimates on the downside. The Foreign Portfolio Investors (FPIs) are among the major stakeholders in ITC, followed by insurance major LIC. FPIs hold 19.99 per cent stake in ITC as per shareholding data for the quarter ended June, followed by LIC which holds 16.25 per cent and financial institutions or banks which have 9.18 per cent stake.
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Woman Caught Smuggling 102 iPhone Units Into China by Wearing Them
There have been ample reports in the past of how the obsession with Apple’s most coveted product, the iPhone, has led people to commit bizarre crimes. Whether it’s the design or its position as a status symbol, the iPhone sells like hot cakes worldwide and thus, is equatable to a huge sum of money when sold in black markets. Likewise, a new case has emerged in China where an overambitious woman tried to smuggle 102 iPhone units from Hong Kong to China by strapping them onto her body. But before her efforts could bear fruits, she was caught by Chinese custom officials at the airport, where after a thorough checking 15 luxury watches were also discovered to be in her possession.
According to a report by Chinese media XMNN, custom officers from China snatched the woman at a suspicious sight of her wearing more clothes than usual in the sweltering summer heat. The overabundance of clothes made the woman’s torso look inflated and out of proportion as compared with the rest of her body
http://gadgets.ndtv.com/mobiles/news/iphone-woman-smuggle-china-hong-kong-wrap-around-1726846
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