Gold worth Rs 12 crore seized in Kolkata

Gold worth Rs 12 crore seized in Kolkata

In a major haul, the Directorate of Revenue Intelligence (DRI) on Thursday seized 353 gold bars valued at over Rs 12 crore from Burrabazar in central Kolkata. Each gold bar in the illegal cache weighed around 116 grams.

Police sources said that DRI officials received specific intelligence, which led them to nab the four accused.

The operation was under the aegis of the DRI, with the city police contributing logistical and legal support from the sidelines, sources said.

The gold bars, which are reportedly of a foreign-make, weigh about 41 kg and have been valued at Rs 12.30 crore in the open market. All four accused, who are residents of Kolkata, are being interrogated.

Earlier on Sunday, DRI officials arrested two persons for allegedly smuggling 45 kg of gold, worth Rs 13.5 crore, into the country. Acting on a tip-off, DRI officials had arrested the duo when they were en route to Kolkata from Basirhat in the North 24 Parganas district, sources said.

The preliminary probe revealed that the gold came to Kolkata from Thailand via Bangladesh.

Earlier on March 9, the city police, with the help of customs officials, seized gold as bars and bracelets worth Rs 18.67 lakh at the Kolkata airport from a passenger named Nandlal Bhagumal Krishnani, who travelled to the city on board a Bangkok-Kolkata flight.

After he was intercepted and searched, gold was recovered from the heel of one of his shoes, along with bracelets and bars on his person.