http://timesofindia.indiatimes.com/...g-gold/articleshow/25460128.cms?cfmid=2000000 Nov 9, 2013, 02.13 AM IST READ MORE Karipur Airport|Airhostess Held For Smuggling Gold|Air India Express|Women|Gold KOZHIKODE: Officials of the Directorate of Revenue Intelligence (DRI) arrested two women, including a woman flight attendant, for trying to smuggle 6kg gold valued at Rs 1.84 crore at Karipur airport on Friday. The DRI officials, acting on a tip-off, nabbed V S Hiromasa (22), a woman flight attendant with Air India Express, who landed at the airport after a private visit to Dubai on Air India Express (IX- 344) flight at 4.55am. Her co- passenger and friend Rahila Cheerayi (31) of Thalasseri has also been taken into custody. DRI officials said both of them had strapped three gold bars each wrapped in a cloth around their waist and wore jeans on top of it. "We had carried out a detailed search on receiving specific information that two women passengers were trying to smuggle in gold. When intercepted, the duo said they were not carrying any gold but a body search by our women officers revealed the gold bars," a DRI official said. Air India Express spokesman said the airline had suspended Hiromasa pending a probe. "We have suspended the crew pending a probe. We are waiting for a report from the DRI and will be conducting an internal probe as well," the official said. DRI officials said the women were carriers who were working for an organized gold smuggling racket. They said the duo had admitted to smuggling gold earlier as well.
Mmmmm real? I do know some flight attendants and they all go through all the same security as anyone else so they would never even think about it. Best they could try is putting it in their luggage. 6kg is 21 ounces. That is a lot of gold to hold on a belt.
Sweet darlings were pulling an arbitrage trade on different gold prices in different markets..........guess they arbitraged their lives for few years in jail. Guess they overlooked the risk and reward and trade management issues
So many lessons here for traders to learn from. 1) Always analyse the risk, including the 'impossible' 2) Be ready to take the rap if the trade goes wrong 3) Always remember you are doing it to yourself.