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DRI seizes gold worth Rs 2 crore, smuggled in India

The Directorate of Revenue Intelligence (DRI) has seized more than seven kilograms of gold bar smuggled into India from Bangladesh, reported Financial Express and Business standards. The value of these gold bar is estimated to be over Rs two crores.

Nearly 50 gold bars having foreign markings, weighing 7412.43 grams, and valued at over Rs 2.04 crore were found and seized from the three accused. The agency was working on a tip-off. They got hold of a black Alto car from the eastern part of Kolkata and arrested the three accused Indrajit Biswas, Selim Molla and Rabiul Islam, who hail from India-Bangladesh border areas.

The accused admitted of smuggling the gold bars from Bangladesh into

India. The accused were supposed to further deliver them at Kolkata. All the three accused had been produced before the court and have been remanded judicial custody tillĀ September 21.

This year, the agency has seized over 150 kg of gold from West Bengal and north-eastern states. The value of this is valued close to Rs 44 crore in the market, which was smuggled from Bangladesh, Myanmar, and Bhutan.

News Source: Financial Express, Business Standard

Image Source: Indian Express

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