The Directorate of Revenue Intelligence collected intelligence concerning a syndicate of foreign nationals processing and distributing smuggled gold through Mumbai’s Airport and Air Cargo Complex.
Hawala was used for gold smuggling payments. To bust the gang, DRI operatives discreetly followed a few foreign nationals and suspected Indian nationals.
DRI Mumbai officers prepared and executed a well-coordinated operation on Monday (January 23) based on intelligence.
DRI officers searched the suspected premises for melting and processing illegal gold under the Customs Act, 1962. A thorough investigation of the premises revealed almost 36 kg of unaccounted gold at various processing stages.
Gold valued at Rs 21 crores. The premises manager admitted to obtaining gold capsules from many people, including foreign nationals, using body concealment, travel bags, garments layering, and various machinery. The individual had around Rs.20 Lakh in unaccounted cash.
The busting of a smuggling syndicate that was bringing all illicit gold to Zaveri bazar’s melting shop is notable.
Interrogation and research revealed that the syndicate’s codes provided gold to domestic players everyday. Searches revealed gold smuggling concealment tactics.
The case highlights the power of DRI surveillance and coordinated action to stop the gold smuggling syndicate. Above case has one arrest. Smuggled gold is still being investigated.