Mumbai: DRI busts ₹32 crore gold import racket
The Directorate of Revenue Intelligence (DRI) busted a gold import racket and allegedly seized a consignment of 100kg of gold potassium cyanide (GPC) worth ₹32 crores at the Air Cargo Complex in Mumbai. The agency arrested two persons on Saturday who were allegedly involved in the racket of exporting the material. Both were produced in court and remanded in judicial custody till July 21.
The agency claims that they suspected that the buyers are spread across big cities in India. GPC is also known as potassium dicyanoaurate and its primary application is in the electrolytic gold plating of metals. The seized consignment was being exported to Dubai by a Mumbai-based firm, the DRI mentioned in the press release.
Related Posts
20,000 litres of liquor seized in Gurgaon since Model Code of Conduct came into effect
The Gurgaon administration in Haryana has seized 20,104 litres of illegal...
Man smuggling out foreign currency held at Delhi airport
New Delhi: An Indian National travelling from Delhi to Dubai was nabbed at the...
Bihar Liquor Smuggling: Police Nab One, Seize Six Motorcycles Loaded with 881 Litres of Alcohol in Ballia
Varanasi: Smugglers engaged in transporting liquor into dry state Bihar are now...
P21-M smuggled cigarettes seized; 7 Chinese and 27 others arrested in Batangas raid
CAMP VICENTE LIM, Laguna- Over P21 million worth of allegedly smuggled cigarettes...