The DRI said that series of detections have helped unearth novel modus operandi of smuggling foreign origin gold into India from the north eastern part of the country.
New Delhi: In one of the biggest seizures of smuggle gold in the recent past, the Directorate of Revenue Intelligence (DRI) has seized 394 pieces of foreign origin gold bars weighing approximately 65.46 kgs and valued nearly Rs 33.40 crore. The seized gold bars were being smuggled from neighbouring north eastern countries.
As per the report, specific intelligence indicated that a syndicate is actively planning to smuggle foreign origin gold from Mizoram and using domestic courier consignment of supply chain and logistic company (hereinafter referred as logistics company).
In order to interdict the contraband, “Op Gold Rush” was launched by DRI and a particular consignment declared to contain ‘Personal Goods’ destined to Mumbai was intercepted. Examination of the consignment at Bhiwandi in Maharashtra on Monday led to recovery and seizure of 120 pieces of foreign origin gold biscuits weighing approximately 19.93 kgs and valued at about Rs 10.18 crore.
Further investigation unearthed that two other such consignment, sent by same consignor from same location to same consignee, destined to Mumbai and in transit, were despatched through the same logistics company. The location of the consignments was traced.
The second consignment was located and intercepted in Bihar. Upon examination at the warehouse of the logistics company, it led to recovery of 172 foreign origin gold bars weighing approximately 28.57 kgs and valued at about Rs.14.50 crore. Similarly, the third consignment was intercepted and examined at the Delhi hub of the logistics company which led to recovery and seizure of 102 pieces of foreign origin gold bars weighing approximately 16.96 kg and valued at about Rs 8.69 crore.
The DRI said that series of detections have helped unearth novel modus operandi of smuggling foreign origin gold into India from the north eastern part of the country and through domestic courier route of logistics company. A total of 394 foreign origin gold bars weighing approximately 65.46 kgs and valued at approximately Rs 33.40 crore were recovered and seized in multi city operations.
