DRI Seizes Gold Worth Rs 19 Crore in Varanasi, Nagpur, and Mumbai - 11 Arrested

MUMBAI, 15 October 2023: In a significant development, the Directorate of Revenue Intelligence (DRI) has successfully seized a substantial amount of gold, valued at a whopping Rs 19 crore. This gold, weighing approximately 31.7 kilograms, was confiscated during well-executed operations conducted in three major cities: Varanasi, Nagpur, and Mumbai. What makes this operation even more noteworthy is that it led to the apprehension of 11 individuals involved in the illicit gold trade.

The DRI's operation unveiled a complex syndicate that had been engaged in smuggling gold from the Bangladesh border into India. This illegally acquired gold was then redirected to various cities, including Mumbai, Nagpur, and Varanasi. The value of the seized gold highlights the scale of this illicit operation and its impact on the Indian economy.

The arrest of 11 individuals involved in this illegal trade is a significant step towards curbing such activities. This accomplishment demonstrates the commitment of law enforcement agencies to tackle economic offenses and safeguard the nation's financial integrity.

The confiscated gold will be subject to further investigation and will likely be used as evidence in legal proceedings. This successful operation by the DRI emphasizes the importance of continuous vigilance and effective law enforcement in combatting smuggling and other illicit activities that threaten the economic well-being of the nation.