Man held for smuggling gold worth Rs 3 cr from Myanmar

Image
Press Trust of India Kolkata
Last Updated : Aug 04 2017 | 8:32 PM IST
A man has been arrested by the DRI for allegedly trying to smuggle gold worth Rs 3 crore into the country from Myanmar.
The accused, a native of Mizoram, was intercepted by officials of the Directorate of Revenue Intelligence (DRI) upon his arrival at the airport here, an official release said today.
As the passengers began to disembark from the aerobridge into the terminal building, a team of DRI officers, with the help of CISF personnel on duty, cordoned off the area and commenced security checks, it said.
"This operation led to the seizure of 9.96 kgs gold (six gold bars each weighing 1.66 kg) having a market value of approximately Rs 3 crore. The gold biscuits were found in his backpack," the release said.
The apprehended person admitted to having smuggled them into India from Myanmar, it said.
"The person arrested in this case was found to be well educated. He had studied at Delhi University. He confessed to falling for the lure of easy money being offered to carriers of such smuggled gold by organised smuggling syndicates," the DRI release said.

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 04 2017 | 8:32 PM IST

Next Story