Smuggled gold worth Rs 11.63 Cr found hidden in dashboard in Hyderabad, 3 arrested
The sleuths of the Directorate of Revenue Intelligence have seized 25 kgs of smuggled gold worth Rs 11.63 Crore in the outskirts of Hyderabad.
By Newsmeter Network Published on 24 March 2021 11:45 AM GMT
Hyderabad: The sleuths of the Directorate of Revenue Intelligence have seized 25 kgs of smuggled gold worth Rs 11.63 Crore in the outskirts of Hyderabad.
The officials were acting based on specific intelligence. The lid blew off when the Hyderabad Zonal Unit (HZU) mounted surveillance on the Vijayawada- Hyderabad Highway and intercepted an ISUZU car (SUV) in the early hours of 23rd March 2021 at Panthangi Toll Plaza around 55 km away from Hyderabad.
The said 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, officials said.
Further, on a detailed inspection of the said car, 25 Kgs of Foreign marked 1 KG gold bars of four different companies viz Heraeus, Suisse, Melter Assayer and Valcambi, were recovered from a specially made cavity inside the car.
'The gold was ingeniously concealed in the dashboard space by removing a life-saving airbag meant for the front seat passenger and the cavity was used for concealment of gold. The cavity was carefully sealed with the dashboard cover using fevistick to avoid any suspicion during road checks' the investigating officer said.
Preliminary investigation reveals that the smuggled foreign marked gold was handed over in Guwahati, Assam to be delivered in Hyderabad.
In total 25 Kgs of Gold worth 11.63 Cr and the ISUZU car valued at Rs. 25 lakhs used for concealing the said gold were seized under the Customs Act,1962.
The cops have arrested three persons travelling in the car and said to be involved in the smuggling of gold. The trio have been sent to judicial remand.
