Key financier in Rs 60 crore gold smuggling racket held.
MUMBAI: Ashfaq Shiningwala (54), a key financier from Gujarat in a syndicate that smuggled 185kg gold worth Rs 60 crore, was arrested by Directorate Revenue of Intelligence (DRI). The Surat resident is the 14th person to be arrested in one of the biggest international smuggling rackets that DRI busted in March.
DRI had seized 110kg gold concealed in brass, imported from Dubai, but declared as scrap. The accused imported the gold, declaring it as scrap at Mundra and Jamnagar ports in Gujarat, and then got it here by road. DRI later seized another 75kg gold hidden inside a Honda car of Shoeb Zordarwala. The probe suggested that the accused in last two years had smuggled around 300kg gold. DRI had initially arrested seven persons, including Nisar Aliyar, the kingpin and proprietor of several companies in the US, Dubai and Kochi in Kerala. His accomplices were Shoeb, his son Ahad, Zaveri Bazaar jeweller Raju alias Monoj Jain, Kalpesh Nanda, an assistant of Aliyar, ‘Happy Dhakad’ and hawala operator Aquil Fruitwala. Also seized from the Zordarwalas’ residence was Rs 1.8 crore.
Related Posts
Counterfeiters target online shoppers
The world of cyberspace is rife with risk for online shoppers who are...
Four held for smuggling foreign cigarettes.
30, September 2018 | The Hindu The Directorate of Revenue Intellingence (DRI),...
25kg gold seized in largest ever haul at Trivandrum airport
THIRUVANANTHAPURAM: In a major haul, Directorate of Revenue Intelligence (DRI)...
£10 million worth of fake cosmetics seized at Channel Tunnel
Border Force officers at the Channel Tunnel entrance in France have seized around...