Karat Faisal invested huge amount in gold smuggling, reports Customs
Kochi: Sources close to Customs has revealed that Karat Faisal had invested a huge amount of money in gold smuggling. The department has revealed the news after taking Faisal into custody.
Karat Faisal is linked to gold smuggling centred around Thiruvananthapuram for many years, hinted customs.
The officials also found that Faisal has a major involvement in the case.
It is learned that the latest findings of the customs are very crucial in the probe into the gold smuggling case. Koduvally area where Faisal is a ward member is regarded as a major hub of gold smuggling.
Though the gold smuggling case mentioned about smuggled 30 kg gold, customs found that the accused had smuggled around 400 kg gold through the diplomatic channel so far. It is also found that Faisal had invested money in all these gold smugglings.
The customs has extended the probe to Karat Faisal after interrogating Ramees and Faisal Fareed, the accused in the gold smuggling case. It is reported that Swapna Suresh also revealed about Faisal’s links.
Meanwhile, customs preventive wing is continuing the raid at Faisal’s residence. Customs took Faisal into custody in the wee hours of Thursday.
He will be taken to Kochi for interrogation. At the same time, the customs hinted chances of his arrest.
According to reports, customs has recovered evidence on Faisal’s investments in gold smuggling.