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DRI seizes Rs 1.08 Cr worth gold at Vaisakh Railway station
Andhra Pradesh

DRI seizes Rs 1.08 Cr worth gold at Vaisakh Railway station

Hyderabad, Jan 9 : Directorate of Revenue Intelligence (DRI), Visakhapatnam have arrested three people and seized 3,314 grams of gold worth about Rs 1,08,69,920 from their possession under the provisions of the Customs Act, 1962.

Based on specific intelligence, officers of the Directorate of Revenue Intelligence (DRI), Vizag, intercepted two passengers travelling in Train No. 12514 Guwahati-Secunderabad Express from Guwahati to Secunderabad on January 4 at Visakhapatnam Railway Station.

On examination, it was found that the passengers were carrying gold concealed inside packets of the cotton vest (banian) worn by them. These packets were specially made for the purpose of concealment of the contraband, a DRI statement here said on Wednesday.

The total weight of the smuggled gold was found to be 3314 grams. Inquiries have revealed that the gold was smuggled into India from Myanmar and some one handed over it to them for onward transfer to Secunderabad.

The passengers admitted that the gold was smuggled into the country and they did not have any valid documents to prove the illicit purchase/import of the said gold. Two passengers and a mastermind involved in smuggling of the gold have been arrested on Tuesday.

Further investigation is under way, the statement added. (UNI)