Jewellers fined for importing gold illegally

30 May 2024 10:05 am Views - {{hitsCtrl.values.hits}} 5 Bookmark

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By Ranjan Kasturi

Colombo, May 30 (Daily Mirror)- Five leading jewellers who imported gold illegally hav been fined, State Minister of Finance Ranjith Siyambalapitiya said yesterday.the total fine amounted to Rs 1,243 million according to the minister.

One jeweller was find Rs 179 million.the State Minister said those who import gold through a third party will also be fined in the future.

“Some companies have made gold importation a racket and this has continued for some time,” he said.

Customs officers recently raided five jewellery manufacturing plants and recovered illegal gold.

Comments - 5

joshua Thursday, 30 May 2024 10:26 AM

Great. But how much did the minister who smuggled goods to SL fined? Are there 2 separate laws in the country?

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Shanker Supramaniam Thursday, 30 May 2024 10:37 AM

What happened to the confiscated Gold ? Have they been released back to the Jewellers? Or taken over by the Central Bank?

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Rip Winkle Thursday, 30 May 2024 12:54 PM

No names. No details. Seized items (if it actually exists) to be shared among undisclosed parties.

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Nayana Palainduge Thursday, 30 May 2024 05:32 PM

How many MPs have done this? They are still sitting without any action while taking Pin Padi!! Wonderpul - what can we expect from others!!

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Sambo Thursday, 30 May 2024 08:33 PM

Please can you name the companies that has imported gold illegally so that we can keep away from doing business with them.

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