“In January, jeweler Vihari Sheth was publicizing a ritzy new line of diamond-encrusted designs. Last week, she was arrested at Mumbai airport with nearly $400,000 of gold jewelry in her underwear and on her person. The 27-year-old has a store in Singapore and is married to a director of Mumbai-based Siyaram Silk Mills Ltd (SIYA), a suit maker that is a household name in the country. Her arrest offers a glimpse into how even the wealthy may be joining small jewelers and organized gangs to skirt new government taxes on bullion imports that have made gold about 9 percent more expensive in Indian stores.”
Related posts:
By reversing policy in Syria, the US is fuelling more wars in the Middle East
Trump administration recommends steep tariffs on steel and aluminum
JPMorgan warns 465,000 card users on data loss after cyber attack
Oklahoma Attorney General May Defeat Obamacare, Judge Rules Lawsuit May Proceed
Zurich unveils 'sex boxes' for prostitutes
Former deputy gets two weeks work-release for burglary
Milwaukee jail staff killed a prisoner by depriving him of water as punishment
Ron Paul: I Think It's A False Flag, Al-Qaeda Benefits Most From Chem Weapons
Bitcoin Coming To Your 401(k)?
U.S. missed ‘red flags’ about gunman
Venezuela's Central Bank to Trade Gold with Goldman Sachs
Australia and China work together to deport officials suspected of corruption
It's back with a vengeance: Private debt
'Dark Wallet' wants to make Bitcoin even harder to trace
Feds May Require Cars to 'Talk' to Each Other