Connect with us

NEWS

Gold worth Sh100 million found at JKIA

The gold is alleged to have been in the custody of a 46-year-old Tanzanian man

Published

on

Transportation of gold is contrary to provisions of the East Africa Community, Customs Management Act 2004

The Kenya Revenue Authority (KRA) has intercepted gold worth Ksh100 million at the Jomo Kenyatta International Airport, Nairobi. The gold is alleged to have been in the custody of a 46-year-old Tanzanian man, who was seized by KRA Customs officers and a team of security agencies attached at the airport.

At least 32,255.50 grams of gold bars and an accompanying invoice of USD859,890, worth approximately Ksh100 million, were found in his possession.

The suspect was seized following intelligence alert; he had arrived at JKIA at 15:05hrs, on Friday 16th, February, aboard Precision Airlines from Mwanza via Kilimanjaro and was heading to Dubai aboard Kenya Airways.

A team from the Directorate of Criminal Investigation accompanied by Revenue Protection Service Officers from KRA’s Investigation and Enforcement Department, took statements from the suspect.

The transportation of gold is contrary to provisions of the East Africa Community, Customs Management Act 2004 Section 85(3) and Second Schedule Part B(4). This section of the law restricts the transiting of unwrought precious metals and precious stones across the region.

The gold bars are now under the custody of KRA, Customs and Border Control; investigations are being carried out to get to the details of the case. “KRA continues to put in more relentless measures and remains vigilant in stepping up the fight against smuggling at points of entry, said the commissioner for Customs and Border control.

SEE ALSO
> Cocaine found hidden in lady’s shoes at JKIA
> Brand yourself like this young man and get a job tomorrow

Business Today is the leading independent online business website in Kenya. Started in 2012 by a veteran business journalist, it has a huge following both in Kenya and abroad. It covers various business and related issues. Email editor at: editor@businesstoday.co.ke

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News Updates

Opinion2 days ago

All-round approach will prevent tax offences and financial crimes

Kenya has become increasingly exposed to illicit products and counterfeit goods, hence the need to take an all-round approach towards...

Economy2 days ago

Kenya’s GDP to hit 5.7% despite debt burden

Despite a debt increase, Kenya’s GDP is expected to reach 5.7% up from 4.9% last year, according to ICAEW’s (the...

NEWS5 days ago

DPP seeks to withdraw forgery case in Sh500m Karen land suit

The Director of Public Prosecutions (DPP) has requested for withdrawal of the case against Guy Spencer Elms, the lawyer accused...

Politics5 days ago

Chebukati ‘out to fix Chiloba’

When Judge Stephen Radido delivered his ruling on Thursday setting aside IEBC chairman Wafula Chebukati’s decision to send the CEO,...

Health7 days ago

Pharmaceutical firm backs social investments in healthcare

Boehringer Ingelheim, one of the world’s leading pharmaceutical companies, and Ashoka, the world’s largest network of social entrepreneurs, have held...

Education7 days ago

MKU ranked among 10 best universities in Kenya

Four local private universities in top 10 ranking of universities in the country.

NEWS1 week ago

4 MultiChoice traders win trip to watch World Cup in Russia

They will have an experience of a lifetime touring Petersburg, the Vodka Museum and enjoy a private boat tour along...

Bt Intelligence1 week ago

Inside the boda boda millionaire industry  

In small doses of Sh50 and Sh100, Kenyans spend Ksh600 million daily on motorcycle services

Education1 week ago

Daystar University sacks vice-chancellor

Striking students had decried mismanagement of funds and quality of education

Politics2 weeks ago

Battle for Machakos governor heads to the Supreme Court

The court faulted the IEBC returning officer for using an excel spreadsheet to record results instead of Form 37A

Advertisement

Trending