Today in New Delhi, India
Sep 24, 2018-Monday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

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

The passenger was carrying the currency in Omani and Saudi Riyals.

india Updated: Jan 18, 2018 21:28 IST
Press Trust of India
Press Trust of India
Press Trust of India, Hyderabad
Dubai,FEMA,Saudi Riyals
Saudi riyal notes.(Shutterstock)

Directorate of Revenue Intelligence Hyderabad Zonal Unit on Thursday 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.

“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.

First Published: Jan 18, 2018 21:27 IST