India, Sept. 28 -- The Directorate of Revenue Intelligence (DRI) has busted a pan-India gold smuggling syndicate, arresting 11 people and seizing 6.61 kg of foreign-origin gold bars valued at Rs.10.36 crore in a multi-city operation. The syndicate is suspected to have smuggled around 318 kg of gold, valued at Rs.475 crore, since January by bringing it through the Indo-Bangladesh border and sending it in small courier consignments to Mumbai, Delhi and Ahmedabad.

The DRI's Mumbai unit launched the operation after receiving intelligence that foreign-origin gold was being smuggled through the Indo-Bangladesh border in West Bengal and Assam before being moved to other parts of the country through a courier network.

The operation, internally ...