Customs Division personnel in Manipur on Sunday confiscated 12 pieces of gold bars weighing nearly 20 kg -- and worth Rs 9 crore -- along National Highway 37, officials said.
"We got a tip-off that gold smuggled from Myanmar would be taken along the national highway and, accordingly, we laid a trap," N. Meiraba, Superintendent of Customs Division said. The seizure was made at Yurembam.
"At 6 a.m., one jeep came along and, on checking it, we found the gold bars concealed in it," the official said.
He said two persons -- Mohammad Yakub and Mohammad Nizamuddin, both from Manipur -- have been arrested in this connection.
Meiraba said both are being questioned to establish where they were taking the bars and to trace the kingpin.
Myanmarese gold, which is comparatively cheaper, has heavy demand in many states.
Despite seizures and arrests, there have been increasing instances of smuggling of gold bars by road and by air.
--IANS
il/pgh/dg
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
