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
Century-old Limerick tobacco shop to stop selling cigarettes
The supply of smuggled tobacco products on our streets has led to the only...
Calgary man accused of smuggling 222 kg of undeclared tobacco into Canada
A Calgary man is accused of smuggling 222 kilograms of undeclared tobacco into...
Illegal cigarette plea as dodgy tobacco found on the streets
Pictures of illicit cigarettes potentially for sale on Lancashire’s streets have...
Gold, electronic goods of Rs 8.37 crore seized at Mumbai airport; 10 persons held
Mumbai: The Customs department has seized 12.47 kg of gold and electronic items...