Economy grew 7.2% in H1, inflation in comfort zone: FinMin
Finance Ministry on Friday said that the Indian economy grew 7.2 per cent in the first half of the current…
The Directorate of Revenue Intelligence (DRI) has busted a major gold smuggling racket which has smuggle gold worth Rs.2,000 crore in past two and half years.
“The Delhi zonal unit of the DRI has busted a major gold smuggling racket involving smuggling of around 7,000 kilograms of gold worth more than Rs.2000 crore, over a period of past two and half years,” the Finance Ministry stated in a release, adding that, “this probably is the single biggest case of detection of gold smuggling by any agency in India”.
“The case came to light when the officers of the DRI seized 10 kilograms of gold at the domestic cargo terminal of IGI airport, Delhi during the intervening night of 01/09/2016 and 02/09/2016,” the Finance Ministry stated.
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“The seized gold bars of 24 carat purity were admittedly smuggled into India through the Indo-Myanmar land borders and were brought to Delhi from Guwahati by a domestic flight,” it added.
According to the ministry, the “market value of the total seized goods is around Rs.3.1 crore. Involvement of the employees of the airlines and others is being investigated by DRI”.
“Two of the accused, a Guwahati-based businessman and his Delhi-based aide, have been arrested by DRI in Delhi and remanded to judicial custody,” it said.
Total gold import in the financial year 2015-16 was about 855 metric tons, valued at about Rs.1,79,172 crore.
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