India, Feb. 11 -- The Mumbai unit of the Directorate of Revenue Intelligence (DRI) has busted a clandestine gold-melting facility in the city, arrested two alleged members of a smuggling syndicate, and seized foreign-origin gold worth Rs.9.22 crore.

Acting on tip-offs, DRI officials on Monday raided the illegal melting unit located in Zaveri Bazaar, south Mumbai, a prominent jewellery market. During the operation, around 5.8 kg of smuggled gold was seized from the accused, officials said on Tuesday.

The operation was part of a crackdown, internally dubbed Operation Gold Meltdown, launched after inputs about the movement and processing of smuggled gold in the city. DRI officers traced the illicit facility and arrested two people under pr...