Vijayawada/Hyderabad, Oct. 21 -- The Directorate of Revenue Intelligence (DRI) has seized 3.147 kg of foreign-origin gold, along with USD 60,000 and 21,500 euros, collectively valued at Rs. 5.84 crore, and arrested five persons for their alleged involvement in an international gold smuggling racket.
Acting on specific intelligence, DRI officers uncovered a gang allegedly smuggling foreign-origin gold from Bangladesh and transporting it to Hyderabad via Kolkata, a DRI statement said on Wednesday.
In a coordinated operation, officers of the Hyderabad Zonal Unit (HZU) and Vijayawada Regional Unit (RU) intercepted a Scorpio vehicle on the outskirts of Vijayawada. A secret cavity in the vehicle was found to contain foreign currency. During int...