The Directorate of Revenue Intelligence (DRI) Chennai zonal unit on Wednesday seized gold bars, worth Rs 2.99 crore, which were illegally sneaked into the country from Sri Lanka.
The DRI has arrested three persons in connection with the matter.
Based on a specific intelligence, the DRI officers monitored the coastal region and intercepted a Honda Civic car on the East Coast Road.
A couple, who owned the vehicle, as well as their driver, admitted to have received smuggled gold, which was brought from Sri Lanka by boat.
On searching the vehicle, the officers recovered and seized Rs. 2.99 crore worth gold bars, which weigh 10.84 kg.
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