Plot to wreck mon­e­tary sta­bil­ity: NIA

Gold smug­gling case may have se­ri­ous reper­cus­sions for ties with UAE, it says

The Hindu - - NEWS - Spe­cial Cor­re­spon­dent

The diplo­matic chan­nel gold smug­gling case may have se­ri­ous reper­cus­sions for the country’s re­la­tions with the UAE govern­ment, the re­mand re­port sub­mit­ted by the Na­tional In­ves­ti­ga­tion Agency (NIA) be­fore the NIA spe­cial court here on Tuesday said.

The ac­cused con­spired to­gether and sep­a­rately at var­i­ous places to da­m­age the mon­e­tary sta­bil­ity of the country by smug­gling large quan­ti­ties of gold from abroad. It is sus­pected that the pro­ceeds might have been used for fi­nanc­ing ter­ror­ism through var­i­ous means, re­port said.

The agency said it had gath­ered in­for­ma­tion that K.T. Ramees was the the king­pin in the case. The fourth ac­cused, San­deep Nair, stated be­fore the agency that Ramees in­sisted on smug­gling gold in large quan­ti­ties and as many times as pos­si­ble dur­ing the lock­down pe­riod as the fi­nan­cial po­si­tion of the country was weak.

Swapna’s bail plea

In her bail ap­pli­ca­tion, sec­ond ac­cused Swapna Suresh sub­mit­ted that she was to­tally in­no­cent of the al­le­ga­tions lev­elled against her and the case was the off­shoot of a po­lit­i­cal ri­valry be­tween the State and the Cen­tral gov­ern­ments.

The case was trig­gered by colour­ful and fic­ti­tious sto­ries aired by me­dia and the truth was far from what was said and done, she sub­mit­ted.

Though she was not in the ser­vice of the Coun­sel Gen­eral of the Con­sulate of UAE, she had main­tained a good re­la­tion­ship with the con­sulate, which used to give her cer­tain as­sign­ments on work on re­quest ba­sis.

Though the Cus­toms had ar­raigned her as an ac­cused in the gold smug­gling case, noth­ing was re­cov­ered from her, stated Swapna.

She sub­mit­ted that she was made a scape­goat for po­lit­i­cal gain.

The court will con­sider the ap­pli­ca­tion on Fri­day.


Gath­er­ing ev­i­dence: Sarith, the main ac­cused in the gold smug­gling case, in the NIA’s cus­tody.

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