DRI Busts Chinese-Led Gold Smuggling Ring, Seizes Rs 1.10 Cr Gold
The Directorate of Revenue Intelligence (DRI), Mumbai Zonal Unit, busted an international gold-smuggling syndicate allegedly operated by Chinese nationals and seized 691.870 grams of 24-carat gold worth approximately Rs 1.10 crore, the agency said.
According to the DRI, the gold was concealed inside a treadmill motor and recovered from a consignment imported from Hong Kong at Mumbai's Air Cargo Complex.
Investigation and Arrests
As per the agency, two persons, including a Chinese national and a person managing the importing firm, were arrested under the provisions of the Customs Act, 1962.
Following the seizure, DRI teams conducted searches at multiple locations across Mumbai, Chennai, Tiruvallur and Chengalpattu as part of the investigation.
The investigation revealed that Chinese nationals, in association with their Indian accomplices, had allegedly devised a modus operandi to smuggle gold through legitimate commercial imports.
Further details are awaited. (ANI)
(Except for the headline, this story has not been edited by Asianetnews Editorial staff and is published from a syndicated feed.)
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