The Directorate of Revenue Intelligence (DRI), Chennai zone, on Thursday seized 23 kilograms of gold, smuggled into India from Sri Lanka at Egmore Railway Station.
Four people were also arrested by the police in this regard.
In the latest of a series of seizures, the sleuths acted on specific intelligence that a syndicate was smuggling gold from Sri Lanka into India by boat, and that certain persons would be reaching Chennai with the smuggled gold by the Rameswaram-Chennai Sethu Express today morning.
Detailed examination of the pouches revealed that the quartet had totally brought 123 gold bars, totally weighing 23.1 kilograms.
On February 21, the DRI had seized 19.27 kg of smuggled gold from two persons on a motorcycle near Jegathapattinam (a coastal village near Mimisal in Tamil Nadu), and arrested the two persons.
This financial year, the DRI in Chennai has totally seized 193 kilograms of gold, valued at about Rs. 57 crore in 31 cases.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app