Contraband gold valued at Rs 1 crore seized in Imphal

Image
IANS Imphal
Last Updated : Aug 18 2018 | 9:35 PM IST

Five persons have been arrested and 16 gold bars valued at Rs 1 crore seized from them, Assistant Commissioner of Customs Division R.K. Dorendrajit said on Saturday.

The division's anti-smuggling unit made the arrests on Friday evening after two passenger vehicles bound for Nagaland were intercepted at Mantripukhri and North AOC in Imphal.

The five, all from outside Manipur, were travelling towards Dimapur and had procured the contraband from Myanmar.

A case was registered and the arrested persons handed over to police for further action.

Dorendrajit said that a kg of gold is cheaper by Rs 3 lakh in Myanmar compared with India.

--IANS

il/tsb/vm

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: Aug 18 2018 | 9:26 PM IST

Next Story