Department of Revenue Intelligence (DRI) makes seizure of about ₹ 12.91 crore including 21 kg Gold worth ₹ 6.47 crore, and Indian Currency notes worth ₹ 6.44 crore

The Delhi Zonal Unit (DZU) of the Directorate of Revenue Intelligence (DRI), Ministry of Finance seized 20.64 kilogram gold and Indian currency notes worth ₹ 6.44 crore from a shop in the old Delhi area.

The gold is valued at about ₹ 6.47 crore, of which 20 bars are of 1 kg each with foreign markings and of 995 purity. Searches also resulted in recovery of ₹ 6.44 crore of Indian currency notes, being the sale proceeds of smuggled gold. The total value of the seizure is about ₹ 12.91 crore. Two persons have been arrested and remanded to judicial custody. Further investigation is in progress.

DRI continues with its drive against smuggling and black money and has achieved significant results in the recent past. Last month, the Delhi Zonal Unit of DRI had made a record detection of smuggling of gold of about 7,000 Kilograms, valued at about ₹ 2,000 crore and had arrested two persons. The main kingpin has also been detained under the Conservation of Foreign Exchange and Prevention of Smuggling Act (COFEPOSA), 1974.