DRI seizes Rs 1.05 crore in foreign currency from Dubai-bound passenger

Published: Jan 18, 2018, 19:43 IST | PTI

Directorate of Revenue Intelligence Hyderabad Zonal Unit today said they seized foreign currency worth Rs 1.05 crore from a passenger who was about to board a flight to Dubai

Directorate of Revenue Intelligence Hyderabad Zonal Unit today said they seized foreign currency worth Rs 1.05 crore from a passenger who was about to board a flight to Dubai. According an official statement from the department, the passenger was carrying the currency in Omani and Saudi Riyals.

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"The passenger on interrogation stated that the currency was obtained from persons in violation of FEMA, 1999 (Foreign Exchange Management Act)," it said. Further investigation was underway, it added.

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