Flier carrying 42 gold bars worth Rs1.29 cr held at Mumbai airport

The passenger had arrived from Dubai around 11.15pm, investigation is on to trace the source of the gold and whether a syndicate is involved...

Published on: Jan 5, 2017, 13:06:01 IST

Hindustan Times | By Pratik Salunke, Mumbai

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The Directorate of Revenue Intelligence (DRI) intercepted a flier on Wednesday night and seized 42 gold bars worth Rs1.29 crore. The passenger had arrived from Dubai around 11.15pm. Investigation is on to trace the source of the gold and whether a syndicate is involved. Smuggled gold has been in high demand across India, especially post-demonetisation, as it is considered a safe commodity to launder black money.

Gold bars seized by the Directorate of Revenue Intelligence (DRI) on Wednesday. (HT photo)

Also read: Papayas to diapers: How gold smugglers hoodwinked airport authorities in 2016

ABOUT THE AUTHOR
Pratik Salunke
Pratik Salunke is a principal correspondent of Hindustan Times, Mumbai. He has spent a past decade covering crime and transport in cities of Mumbai and Pune. He has been covering terrorism, financial frauds and crime stories.Read More

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