Customs officials at the Indira Gandhi International Airport (IGIA) have confirmed the arrest of one airline passenger after recovering currency worth Rs.2.77 crores from his possession on Friday.
Customs officials said in a statement that the passenger was boarding a flight from New Delhi to Hong Kong just prior to his arrest.
They said that on examining the passenger's baggage, assorted currencies i.e. USD 340000, Australian dollars 14000, Saudi Arabian Riyal, 82500 Qatar Riyal, 8500 UAE Dirham and 136000 and Yen 100000/- was recovered from his possession.
The currency was seized under Section 110 of the Customs Act, 1962. The passenger was arrested under Section 104 of the Customs Act, 1962 read with provisions of FEMA 1999, said Sanjay Mangal, Commissioner of Customs, in a statement.