Visakhapatnam: Directorate of Revenue Intelligence (DRI) on Thursday busted a smuggling ring and seized 3.98 kgs of gold worth Rs 1.91 crore from a Bangladeshi man at Visakhapatnam Railway station.
Based on specific intelligence, DRI sleuths from the Visakhapatnam Regional Unit intercepted a man who was coming from Kolkata by the Howrah – Yeshvantpur Super-Fast Express at Vizag Railway Station.
After thorough verification, 3983.5 grams of smuggled gold, in the form of bars, pieces, and bangles valued at Rs.1.91 crore were seized from the Bangladeshi, DRI said.
Preliminary investigation revealed that this smuggled gold was routed from Bangladesh. It was melted and recast into gold bars/pieces of different shapes, sizes, and ornaments at Kolkata. The person has been arrested under the provisions of the Customs Act, 1962. He has been remanded to judicial custody. Further investigation is in progress.