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Gold weighing 0.587 kg of 24k purity valued at Rs 30 lakhs was seized by Customs. Photo/ANI
One held with gold worth Rs 30 lakhs at Mangaluru airport ANI | Updated: Jan 31, 2021 10:52 IST
Mangaluru (Karnataka) [India], January 31 (ANI): The Customs officers at Karnataka s Mangaluru International Airport on Saturday recovered 24k gold worth Rs 30 lakhs from a resident of Kasargod, Kerala who arrived from Dubai.
According to the Customs Department, passenger Mashkoor Kallar had concealed the gold paste in his rectum. On profiling and personal search, the passenger was found to have concealed gold in paste form in his rectum. Gold weighing 0.587 kg of 24k purity valued at Rs 30 lakhs (approximately) was recovered and seized, the department said.
Why Airports Are The Ultimate Moat Investment
When evaluating stocks, we try to look for companies protected by a moat. In this context, a “moat is an advantage that some businesses enjoy, whereby the barriers to entry make it exceptionally difficult for competitors to come in, take away market share and undercut prices.
Airports are one such business model that can be characterized this way.
Think about it: With few exceptions, most cities and metropolitan areas around the world can support only one airport. When you fly commercially, you generally do not have a choice as to which hub you arrive at. Take our hometown of San Antonio, Texas, as an example. Despite it being home to more than 1.5 million people, the city has only one international airport.
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