12 kg smuggled gold seized in Kolkata

Image
IANS Kolkata
Last Updated : Apr 16 2018 | 9:20 PM IST

Don't want to miss the best from Business Standard?

About 12 kg of smuggled gold valued at Rs 3.7 crore was seized here in two separate operations and seven persons were arrested, an official said on Monday.

Acting on a tip off, personnel of the Directorate of Revenue Intelligence intercepted three persons at Burrabazar, one of Asia's biggest wholesale markets, in central Kolkata and recovered 53 gold biscuits having a foreign marking, weighing 6.18 kg and valued at 1.68 crore.

"Gold biscuits were hidden in the shoes," the official said.

According to initial findings, the gold biscuits were smuggled into India from Bangladesh through Bangaon, an Indo-Bangladesh border town in North 24 Parganas of West Bengal. The men were in a car.

"Three persons and the driver of the car have been arrested," a DRI official said.

Three of the accused have been remanded to judicial custody for 14 days.

In another case, one person was apprehended from a bus plying between Kolkata and Khulna (Bangladesh) at Kaikhali in North 24 Parganas by DRI officials. The driver and the supervisor of the bus were also arrested for smuggling the gold from Bangladesh.

A total of 5.55 kg of gold of foreign origin, valued at Rs 1.75 crore, was recovered from the person's shoe and a belt tied around his waist, a DRI official said.

--IANS

bdc/qd/mr/bg

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Apr 16 2018 | 9:14 PM IST

Next Story