The Directorate of Revenue Intelligence on Wednesday has busted a gold smuggling syndicate in Mumbai and seized the precious metal, cash and other valuables of ₹10.48 crore.
He stated that 4 persons, including 2 African nationals, were arrested following a search operation at a gold melting facility in south Mumbai on Monday.
The official stated in a statement that the DRI received an input that gold smuggled from Africa through the Mumbai international airport was being processed at a melting facility in Zaveri Bazar to remove the foreign markings and it was then being diverted to the local market.
During the search at the melting facility, the officials seized 9.31 kg of gold in various forms, including of foreign-origin, and 16.66 kg of silver.
The statement stated, they nabbed the unit operator and a recruiter, who was responsible for arranging carriers, collecting the smuggled gold from African nationals for melting and further processing.
It stated that the recruiter was a key member of the syndicate. He used to collect gold from carriers who were African nationals, get it processed and hand it over to a buyer nearby.
The statement stated that after the interrogation of the accused persons, a search was conducted at the recruiter’s office premises and the DRI recovered USD 190000 in cash which had been allegedly handed over to him by a buyer as advance payment for the smuggled gold.
He stated that another team was sent to search the buyer’s office premises but he fled before the DRI sleuths reached there.
Furthermore, the statement said that during the search, 351 grams of cut pieces of foreign-origin gold bars, 1,818 grams of silver and Rs 1.92 crore in cash were recovered from there.
The DRI personnel came to know that the African nationals from whom the recruiter collected the gold were staying in nearby hotels.
Accordingly, the DRI said that a raid was conducted at the hotel and 2 persons who allegedly smuggled the gold and handed it over to the recruiter were intercepted.
All the 4 accused admitted to their involvement in the smuggling of gold into India following which they were arrested under provisions of the Customs Act.
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