Hyderabad, Oct. 21 -- Five persons were arrested for allegedly smuggling foreign-origin gold from Bangladesh to Hyderabad via Kolkata and transporting the proceeds of its sale in foreign currency, following a coordinated operation by officers of the Hyderabad Zonal Unit (HZU) and Vijayawada Regional Unit (RU).

The operation on October 18 led to the seizure of 3,147.1 grams of gold, USD 60,000 and 21,500 euros, collectively valued at Rs. 5.84 crore.

Acting on specific intelligence about a gang involved in smuggling foreign-origin gold, the officers intercepted a Scorpio vehicle on the outskirts of Vijayawada. A search revealed foreign currency concealed in a secret cavity in the vehicle.

During interrogation, the two occupants allegedly...