Archive · 11 Aug 2025
ED Raids Target Gold Smuggling Network, Seizes Assets
The Enforcement Directorate is investigating a gold smuggling ring.
They searched locations in Mumbai and Ahmedabad and found gold, cash, and luxury items.
The investigation is linked to an earlier case where someone was caught trying to smuggle gold into the country.
The smugglers were using fake declarations to bring gold into India and used illegal channels to pay for it.
The Enforcement Directorate (ED) searched multiple locations in Ahmedabad and Mumbai.
Searches were connected to a case involving the seizure of 88 kg of gold.
The ED seized around Rs 15 lakh in cash and luxury cars, including a Bentley and BMW.
Imported watches from Rolex and Cartier were also seized, valued at about Rs 1.51 crore.
The ED's actions are linked to a gold smuggling case involving Ranya Rao.
- Who
- The ED is investigating Megh Shah, Mahendra Shah, and Ranya Rao.
- What
- The ED is investigating a gold smuggling case and conducted searches.
- When
- Searches were conducted on August 7 and 8.
- Where
- Searches were conducted in Ahmedabad and Mumbai.
- Why
- The ED is cracking down on gold smuggling and money laundering.
- Gold Seized in Total
- 88 kg
- Cash Seized
- Rs 15 lakh
- Luxury Cars Seized
- BMW X6M, Bentley Continental GT, BMW 730 LD, BMW 328i
- Watch Value
- Rs 1.51 crore
- Ranya Rao's Case
- Connected to previous gold smuggling
