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Gold smuggling racket busted: Over 36 kg of yellow metal worth Rs 21 cr seized by DRI

According to the officials, the gold was procured from several people — both Indian and foreigners — over a period of time.

An accused, identified as Prashant Menkar, was also arrested during a raid on Monday and Rs 20 lakh in cash was recovered from his possession, the DRI official said. (Express Photo)
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Gold smuggling racket busted: Over 36 kg of yellow metal worth Rs 21 cr seized by DRI
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The Directorate of Revenue Intelligence (DRI) has busted a gold smuggling racket and seized over 36 kg of the yellow metal, amounting to nearly Rs 21 crore, from Kalbadevi.

An accused, identified as Prashant Menkar, was also arrested during a raid on Monday and Rs 20 lakh in cash was recovered from his possession, the DRI official said.

According to the officials, the gold was procured from several people — both Indian and foreigners — over a period of time.

“The gold was smuggled in the form of capsules carried through body concealment, hiding in travel bags, clothes layering, machines and electronics,” said an official

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According to the DRI officials, gold smuggling has been happening through the ‘Hawala’ channel.

First published on: 25-01-2023 at 01:21 IST
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