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2022 (4) TMI 834

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..... s that the nature of the accusation levelled against this petitioner as well the other accused are very grave and serious. It is fact that so many persons are involved in the smuggling business which is a real threat as it creates instability and corrosive impact on the economy of our country. The illicit trade of gold is increasing day by day though the customs is vigilant and cases are being registered regularly; still the authorities could not curb the same totally due to various reasons. But it is a fact that the petitioner is in custody since 29-6-2021 and the investigating agency is still collecting materials to apprehend all the persons involved in this smuggling business - Though the complicity of this petitioner in the alleged crim .....

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..... his statement was recorded under Sec. 108 of Act. He then admitted that the gold was arranged through one Salim and it was second accused who introduced him to one Mohammed who in turn introduced to Salim who arranged the gold to be smuggled. When the first accused arrived at the airport, second accused was waiting outside to receive the same from him. Another gang of smugglers who financed the smuggling operation were also there in the airport to snatch away the gold from second accused and when it was realized that the first accused was apprehended, the second accused fled away from the Airport. The gang of smugglers waiting for the second accused under the impression that the smuggled gold was with him chased him in their vehicles. But t .....

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..... allegation is that he is the kingpin who made arrangements for smuggling of gold from abroad. Since the investigating agency requires more time to unearth the details involved in this case, they could not submit the final report after completion of the investigation . 7. Doubtless that the nature of the accusation levelled against this petitioner as well the other accused are very grave and serious. It is fact that so many persons are involved in the smuggling business which is a real threat as it creates instability and corrosive impact on the economy of our country. The illicit trade of gold is increasing day by day though the customs is vigilant and cases are being registered regularly; still the authorities could not curb the same t .....

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