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Gold worth Rs 21 cr seized, 4 arrested

Gold worth Rs 21 cr seized, 4 arrestedKolkata, Dec 8 (IANS) Around 66 kg of foreign-origin gold, valued at over Rs 21 crore, was seized in two different search operations and four persons were arrested, an official said on Saturday.

Acting on a tip, a car was intercepted by the Directorate of Revenue Intelligence (DRI) after a high-speed chase near Lucknow on Thursday and 33 gold bars of one kg each valued at Rs 10.56 crore were seized.

"Smuggled gold bars were concealed under a specially made cavity near the driver seat. Two persons were arrested," an official said.

Information was received by the agency that a smuggling syndicate was actively engaged in smuggling huge quantity of foreign-origin gold from Bhutan into India through West Bengal and sending it to different parts of India, a DRI official said.

 

In another related operation launched by the agency on Friday, a car along with two occupants was intercepted near Kolkata. From their possession, 33 pieces of foreign origin gold weighing 33 kg and valued at Rs 10.46 crore was seized.

In a follow up action at Siliguri, Rs 3.5 lakh in cash which was suspected to be the proceeds of smuggling was recovered.

During fiscal 2017-18, Indian customs have seized 3.22 tonnes of gold which was 103 per cent more than in 2016-17.

This gold is believed to be smuggled from Bangladesh, Myanmar, Nepal, Bhutan and China.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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Gold worth Rs 21 cr seized, 4 arrested

About Gopi Adusumilli

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any. He can be reached at gopi@socialnews.xyz

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