New Delhi, Sept. 28 -- The Directorate of Revenue Intelligence (DRI) has busted a Pan-India gold smuggling syndicate and seized 6.61 kg of foreign-origin smuggled gold worth approximately Rs 10.36 crore, arresting 11 persons, including one of the alleged masterminds.

As per the official release issued by the Ministry of Finance, the syndicate operated through the courier network and had transported 318 kg of smuggled gold worth Rs 475 crore through courier channels in the past nine months.

Acting on specific intelligence regarding regular smuggling of foreign-origin gold through the Indo-Bangladesh border in West Bengal and Assam, followed by its transportation to different parts of the country through courier consignments, DRI mounted ...