DRI sleuths seizes 25 kgs of Gold worth Rs 11.63 cr, 3 held

Hyderabad, Mar 24 (Representative) The Officials of Directorate of Revenue Intelligence (DRI) have seized 25 kgs of gold, worth about Rs 11.63 crore on the outskirts of the city and arrested three persons in this connection. Based on specific intelligence, the officers of DRI, Hyderabad Zonal Unit (HZU) mounted surveillance on the Vijayawada- Hyderabad Highway and intercepted an ISUZU car (SUV) in the early hours of Tuesday at Panthangi Toll Plaza, around 55 kms away from Hyderabad.

The SUV, bearing Assam registration had travelled more than 2500 Kms all the way from Guwahati towards Hyderabad crossing the poll bound states of Assam and West Bengal, a DRI release here said on Wednesday. In total, 25 Kgs of Gold worth 11.63 Crore and the ISUZU car valued at Rs. 25 lakh used for concealing the gold were seized under the Customs Act, 1962. Three persons travelling in the car and involved in smuggling of the gold were arrested and remanded to judicial custody. Further investigation is in progress, the release added.