6 days ago
2, including importer, held in Mumbai Rs 2 crore fraud
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MUMBAI: The Directorate of Revenue Intelligence (DRI) have busted a smuggling racket and have arrested two persons in attempting to smuggle prohibited and restricted goods worth ₹2.4 crores into India by grossly mis-declaring imports under the name of M/s Jay Overseas.
The DRI arrested Javid Memon and importer Dipak Thakkar who played a key role in the racket. Their lawyers Vinay Advani and Aditya Talpade argued that their clients have legitimate business and have been falsely implicated in the case. The court remanded duo to judicial custody.
On the specific intelligence the DRI recently intercepted the consignment, at CFS Ashe Logistics Pvt Ltd, which was declared as other goods but was found to contain large quantities of fireworks/firecrackers, pocket lighters, and counterfeit branded footwear and accessories, including 'Nike' flip flops, 'Crocs' clogs, and shoe inner soles.
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The seizure included 6,270 pieces of firecrackers valued at ₹87.78 lakh (prohibited), alongside restricted goods worth ₹1.16 crore. The goods were seized under Sections 110 of the Customs Act, 1962 and are liable to confiscation u/s 111 of the customs act.
During investigation, Memon allegedly admitted to managing the smuggling operations for Jay Overseas and named one Dipak Gautam Thakkar as the owner of the seized goods. He confessed to transferring ₹6.5 lakh, both online and in cash, to the company's account on Thakkar's instructions. He also revealed past dealings involving clearing other imported consignments and visits to China multiple times a year for sourcing goods.
DRI stated that Memon had suppressed key details about the syndicate, which has international links, and cited a high risk of evidence tampering and further smuggling if he remained free.
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