2 hrs ago
DRI Seizes Rs 8.98 Crore Gold in Visakhapatnam
Officials from India’s Directorate of Revenue Intelligence stopped a car in Visakhapatnam.
They said the car was travelling from Kolkata toward Hyderabad with two passengers.
After chasing it, they searched the vehicle.
They found three packets of gold hidden under the front passenger seat.
The gold weighed about 5.83 kilograms and was worth Rs 8.98 crore.
Officials said it had allegedly been smuggled into India through the India-Bangladesh border.
They seized the gold and arrested both passengers.
A magistrate sent the two people to judicial custody, and the investigation is continuing.
DRI officials seized 5.83 kilograms of foreign-origin gold in Visakhapatnam.
The gold was valued at Rs 8.98 crore and was being transported by car from Kolkata to Hyderabad.
Officials intercepted the car carrying two passengers on the night of October 8–9, following a prolonged chase.
Three packets of 24-carat, 999-purity gold were found in a specially fabricated cavity beneath the front passenger seat.
The gold was seized under the Customs Act, 1962; both occupants were arrested and remanded to judicial custody.
- Who
- Directorate of Revenue Intelligence officials and the two occupants of the car.
- What
- Officials seized 5.83 kilograms of foreign-origin gold and arrested the two occupants.
- Where
- Visakhapatnam; the gold was being transported from Kolkata to Hyderabad.
- When
- The night of October 8–9.
- Why
- Officials said the gold was allegedly smuggled into India through the India-Bangladesh border and was being transported to Hyderabad.
Key facts
- Gold seized
- 5,832.90 grams (about 5.83 kilograms)
- Purity
- 24-carat, 999 purity
- Estimated value
- Rs 8.98 crore at market prices
- Transport route
- Kolkata to Hyderabad
- Concealment
- A fabricated cavity beneath the front passenger seat
- Legal action
- Gold seized under the Customs Act, 1962; two occupants arrested and remanded to judicial custody
- Investigation
- Further investigation is underway
Sources
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