Plot to wreck monetary stability: NIA
Gold smuggling case may have serious repercussions for ties with UAE, it says
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.