DRI seizes Rs 6.8 cr worth gold smuggled into India from Dubai, Sri Lanka

The Directorate of Revenue Intelligence (DRI) has arrested four people for allegedly trying to smuggle gold valuing about Rs 6.88 crore into the country from Dubai and Sri Lanka, according to an official statement issued Wednesday.

All the four accused -- the kingpin, his aide and close relative, and two carriers -- have been remanded in judicial custody, it said.

Acting on inputs, the DRI officials on Tuesday seized 20.6 kg gold, valued at Rs.6,88 crore, kept hidden by the syndicate at a residential premises here, the statement issued by the agency said.

A BMW car used to deliver the smuggled gold and Rs 21 lakh were also seized, it said.

"Interrogation of the apprehended persons revealed that the Chennai-based kingpin, a resident of Choolaimedu, used to organise operatives who would work in the domestic sector to various airports, collect gold bars from transit passengers at the respective airports and carry them back to Chennai in the domestic sector and hand them over to the ...