Gold in the toilet: the gold hidden in lane toilet
Everyone knows gold is a precious metal. It has been used as the standard currency for a century. The governments try to regulate its import and levy different taxes. Import duties curb domestic demand. It causes a rise in incentive to smuggle the gold.
In a piece of exciting news, gold bars worth $1.1 million are found in a plane toilet in India. It was discovered in the toilet compartment of a commercial plane in eastern India. It was a stash of 24 gold bars. According to news, the cleaners found the haul in two bags. The incident happened at Kolkata airport. There are not many details available.
India- a significant gold consumer
Gold is consumed in India to a large extent. It is imported from other countries to meet the ever-growing needs. But it also contributes to the country’s budget deficit. The duty on the import of gold jeweler was raised to 15% from 10%. The government of India increased the tax for the third time. The government took this initiative to curb the demand for this precious metal. The Indians traditionally believe that gold brings financial security. The plan had come from Bangkok, according to local media reports. It was in Bangkok before it landed in India.
Cleaning staff discovery
It is reported that the cleaning staff at the airport discovered the bags. They were on their everyday cleaning duty when they found two gold bags in the toilets of the plane. The airport director BP Mishra was talking to AFP news agency. According to Mishra still, there is no arrest in the case. But there were reports from other sources that arrest had been made and the suspects were being questioned. The value of confiscated gold is in millions, and authorities expect more arrests. The accomplices will be soon in custody and will be brought to question. A source in airport police was quoted as saying that there are foolproof arrangements in place to check to smuggle of precious items including gold.
Attraction for gold
Gold is precious, and it is a heavy metal. It is used in jeweler in India traditional society. In wedding customs and other events, women wear the gold to get the attraction. That is why there is always a demand for gold. Smugglers use different methods to smuggle out the gold. This is another innovation in smuggling methods that the gold was hidden in an aero plane toilet.
In a variety of gold smuggling methods, toilet idea is another innovation. Perhaps with this incident, smugglers may not abandon toilet idea or may go for other techniques to take gold to the country without paying customs duty. There are different hypothesis about the incident. Real reasons will come to light when the accomplices are arrested and be presented in the court.