The Directorate of Revenue Intelligence has arrested five people and seized 3.1 kg of foreign-origin gold along with US dollars and euros, collectively valued at more than ₹5.84 crore, during a coordinated operation near Vijayawada.
The action followed specific intelligence about a syndicate allegedly involved in smuggling gold from Bangladesh and transporting it to Hyderabad through Kolkata. Officers from the DRI’s Hyderabad Zonal Unit and Vijayawada Regional Unit carried out the operation.
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SUV Intercepted on Outskirts of Vijayawada
During the operation, DRI officials intercepted a sports utility vehicle on the outskirts of Vijayawada.
A search of the vehicle led to the recovery of foreign currency concealed inside a secret cavity, according to the agency.
The two occupants of the vehicle allegedly told investigators during questioning that they had delivered gold on the outskirts of Vijayawada and that the foreign currency recovered from the vehicle formed part of the sale proceeds of the smuggled gold.
Gold Allegedly Moved From Bangladesh Through Kolkata
The DRI said the operation was based on intelligence about a syndicate allegedly smuggling foreign-origin gold from Bangladesh.
Investigators suspect that the gold was being routed through Kolkata before being transported towards Hyderabad.
The coordinated action by the Hyderabad and Vijayawada units was aimed at intercepting individuals allegedly linked to the movement and sale of the smuggled gold.
Five Arrested as DRI Probes Smuggling Network
The DRI said five people were arrested in connection with the case.
The agency seized 3.1 kg of foreign-origin gold along with US dollars and euros. The combined value of the seized gold and foreign currency was estimated at more than ₹5.84 crore.
The investigation is focused on the alleged smuggling route, the movement of the gold and the foreign currency believed to be linked to its sale.
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