Ministry of Finance
DRI MZU recovers 22.89 kg of gold valued at Rs. 16.91 Crores along with Rs. 40 Lakhs of Indian Currency
Posted On:
29 AUG 2024 9:31PM by PIB Mumbai
Mumbai, 29 August 2024
Based on specific intelligence , officers of DRI MZU intercepted three persons while they were moving smuggled gold from one place to another in the Mumbai Central area. A search of their baggage resulted in the recovery of 22.89 kg of smuggled gold in various forms (melted gold bars, egg-shaped capsules, strips, chains).
On further information that the sale proceeds of smuggled gold, to the tune of Rs. 40 lakhs, were secreted in a house, the same was searched and the entire amount was recovered.
In total, 22.89 kg of recovered gold valued at Rs. 16.91 Crores along with Rs. 40 Lakhs of Indian Currency which were sale proceeds of smuggled gold, was seized under the provisions of the Customs Act, 1962 and all the 3 persons were arrested and remanded to judicial custody.
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(Source: Source: DRI Mumbai) | PIB Mumbai | NJ/ DR
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(Release ID: 2049955)
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