A Sri Lankan businessman has been arrested at the Katunayake Airport with a stock of gold valued at Rs. 11,885,514, it was reported.
According to the Police, the 53‑year‑old suspect, a resident of Matale, was taken into custody yesterday (08) by officers of the Airport Police Narcotics Division.
He had arrived from Dubai at 6.30 am and was allegedly attempting to move the gold out of the airport without a license or declaration to Customs.
Investigators said the suspect had concealed 12 gold necklaces weighing 271.48 grams, 10 bangles, and 2 gold biscuits inside his luggage.
The man was later handed over to officials of the Customs Preventive Office for further inquiry.
During a formal customs examination, the gold stock was confiscated, and the passenger was ordered to pay a fine of Rs. 1 million. (Newswire)