The Directorate of Revenue Intelligence (DRI) has busted a smuggling racket and seized gold worth Rs 7.54 crore from a man it arrested at the New Delhi Railway Station, a senior DRI official said today.
The gold is suspected to have been smuggled in through the India-Nepal border, he said.
The 33-year-old accused was intercepted by DRI officials at the station yesterday, the official said, requesting anonymity.
About 25.8 kilograms of gold, valued at Rs 7.54 crore, were recovered from him, he said.
The DRI suspected the involvement of several other people in the smuggling ring. More arrests are expected.