India Markets close in 4 hrs 6 mins

DRI seizes more than 100 kg smuggled gold in major crackdowns across country

1 / 1

DRI seizes more than 100 kg smuggled gold in major crackdowns across country

Directorate of Revenue Intelligence (DRI) has seized more than 100 kg of smuggled gold in a spate of operations in last 48 hours. The raids were carried out across the country in cities like New Delhi, Siliguri, Bengaluru, Chennai and Madurai.

Directorate of Revenue Intelligence (DRI) has seized more than 100 kg of smuggled gold in a spate of operations in last 48 hours. The raids were carried out across the country in cities like New Delhi, Siliguri, Bengaluru, Chennai and Madurai. This is a major crackdown on organised crime syndicate who smuggle in gold from abroad.

In a major operation conducted on October 26, DRI officials seized 55 kg of gold (55 pieces)smuggled from neighbouring countries into India via land routes. The gold was seized from two people travelling in a vehicle in Siliguri.

The gold was concealed in a specially made cavity under the driver's seat. The gold bars, each of which weighs one kilogram have distinct Chinese and Australian markings which point to their foreign origins.

All gold bars are of 99.99% purity. The men were to hand over the gold to a man in Siliguri who was to pass it on further. Both the men have been arrested.

In another operation carried out on October 27, DRI nabbed 3 individuals on New Delhi Railway Station. 34 kg of gold was seized from them. Smuggled gold was found to be Chinese and Swiss in origin. One foreign national was also arrested in this operation.

In four other operations, the DRI seized 13 kg of gold which was being smuggled into the country on incoming flights to Chennai, Bengaluru, Madurai and Indore.

Gold was kept hidden under life jacket pouch and hollow pipe under the seats in 3 of these smuggling attempts.

Attempts to smuggle gold and foreign currency into the country are rising as the festive season approaches and demand for gold is increasing in the domestic market.

Smuggling of Gold and foreign currency smuggling seems to be increasing as festive season approaches and demand for gold increases in India.

Also Read | Sudanese women smuggling gold biscuits nabbed at Pune international airport

Watch | Aviation gold smuggling ring exposed