Andhra Pradesh: DRI Seizes 3.98 Kgs of Smuggled Gold Worth Rs 1.91 Crore in Visakhapatnam

Visakhapatnam, November 4: Directorate of Revenue Intelligence (DRI) seized 3.98 kgs of smuggled gold from Bangladesh worth Rs 1.91 crores in Visakhapatnam. Based on specific intelligence, DRI sleuths from Visakhapatnam Regional Unit intercepted a person who was coming from Kolkata in Visakhapatnam on Wednesday.

After verification, 3983.5 grams of smuggled gold in the form of bars, pieces and bangles valued at Rs.1.91 crores were seized from him. Also Read | Nagaland State Dear Diwali Kali Puja Bumper Lottery 2021 Result: From Live Draw Result Date to Cash Prize, Winners List and Live Streaming Details, Here’s Everything You Need to Know.

Preliminary investigation revealed that this smuggled gold is routed from Bangladesh and is melted and recast into gold bars, pieces of different shapes and sizes and also made into ornaments at Kolkata. Also Read | 'Fuel Price Reduction Is a Diwali Gift From PM Narendra Modi', Says Madhya Pradesh Minister Kamal Patel.

The accused was arrested under the provisions of the Customs Act, 1962 and has been remanded to judicial custody. Further investigation is in progress.

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