Gold worth Rs 59 lakh seized at KSRTC bus stand

Gold worth Rs 59 lakh seized at KSRTC bus stand

Agency News

Mangaluru, Nov 10 : Directorate of Revenue Intelligence (DRI) officials have seized 1.5 kg gold from a KSRTC bus passenger at KSRTC bus stand in Bejai in the city.

According to a statement, the gold was seized under the provisions of the Customs Act, 1962. The value of the seized gold is estimated at around Rs 59.52 lakh, said DRI Mangaluru Deputy Director K M Shreyas.

Acting on credible information that a 31 year-old Sibgatullah Kola, from Bhatkal, was in possession of smuggled gold and was travelling in KSRTC Bus from Bengaluru to Manipal, the DRI personnel intercepted the bus at Mangaluru KSRTC bus stand upon its arrival here and seized 1.5 kg of gold worth about Rs 59.52 lakh from his possession on Friday night.

Sibgatullah Kola had concealed 13 pieces of gold bars of foreign origin inside Marlboro brand cigarette packets. On being questioned, he failed to produce any receipt or purchase bills for the said gold bars. When asked to explain the source of the gold and the reasons for transporting the same in a clandestine manner, he stated that the said 13 gold bars were smuggled by him during his international travel from Dubai to Singapore and Singapore to Chennai.

During interrogation, he revealed that he had specifically chosen a roundabout journey from Dubai via Singapore to hoodwink the customs authorities since Singapore is not considered a hot spot for smuggling gold. He also stated that after getting cleared from Chennai International Airport, he took a bus from Chennai to Bengaluru and later from Bengaluru to Udupi and was on his way to Bhatkal when he was intercepted at the Mangaluru bus stand.

He also stated that one person of Bhatkal origin had given him the gold and he was only a carrier. He also confessed about being involved in the smuggling racket to earn quick money. (UNI)