Directorate of Income Intelligence seizes gold value ₹19.6 crore in Mumbai raid

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Dec 11, 2024 02:44 PM IST

The company arrested the alleged mastermind of the syndicate that operated the ability, which was reportedly used for melting smuggled gold

MumbThe Directorate of Income Intelligence (DRI) has uncovered a gold extraction and refining facility following an intelligence-led operation, seizing 23.92 kilograms of gold, ₹5.4 lakh in money, and 37 kilograms of silver. The entire worth of the seized gadgets is estimated at ₹19.6 crore.

The Directorate of Income Intelligence (DRI) has uncovered a gold extraction and refining facility following an intelligence-led operation. HT Picture

The company arrested the alleged mastermind of the syndicate that operated the ability, which was reportedly used for melting smuggled gold, in keeping with DRI sources.

DRI officers acknowledged that the arrest got here after gathering statements from staff and helpers on the facility. The seized gold is believed to be smuggled, because the mastermind was unable to elucidate its supply or present documentation of its procurement.

“Such operations highlight DRI’s commitment towards curbing gold smuggling,” a supply inside the company stated.

This seizure follows one other latest DRI operation at Mumbai airport final month, the place officers confiscated 3.35 kilograms of gold valued at ₹2.67 crore. That case concerned allegations in opposition to a personal ground-handling staffer and a customer-service govt who had been reportedly concerned in smuggling gold by means of the airport.

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