Nation Crime 27 Dec 2016 Gold hunt in the UAE ...

Gold hunt in the UAE despite fear of cops

DECCAN CHRONICLE.
Published Dec 27, 2016, 2:21 am IST
Updated Dec 27, 2016, 6:04 am IST
Ayub was so smart that without paying for the gold, he used to purchase it in large quantities and smuggle the yellow metal to India.
Fugitive gangster Ayub Khan.
 Fugitive gangster Ayub Khan.

Hyderabad: After giving the slip to the police here in 2013, Ayub Khan was not whiling away his time. He was amassing wealth by smuggling gold to India from Dubai using innovative techniques. Sources close to Ayub say that he was so smart that without paying for the gold, he used to purchase it in large quantities and smuggle the yellow metal to India. He used others’ credit cards to purchase the gold, and the credit card holders acted as the carriers. They would never return to Dubai, to avoid arrest over complaints from banks.

According to one individual who used to work for Ayub, the gangster used to open fictitious companies in Dubai in the name of binamis and recruit youngsters from Hyderabad as its employees. “These youngsters would be given designations like civil engineer, accountant etc. They will also have a salary account, through which they got monthly salary for six months. After this, these employees would be eligible to apply for credit cards. Ayub would buy gold using these credit cards before sending back these youths to India with the gold. By the time the credit card companies start investigating, the card holders have already reached India,” said the source.

 

Ayub had used more than 10 youngsters from his own family.

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Location: India, Telangana, Hyderabad




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