Gold Bars

INDIA: DUBAI JEWELLER ARRESTED FOR SMUGGLING 50 KG OF GOLD

Two brothers, one an owner of a jewelry shop in Deira, Dubai, and the other a businessman, were arrested in Mumbai for allegedly smuggling 50 kg of gold into the country via the Mumbai courier terminal, Rough & Polished reports.

 

The shipment the brothers tried to smuggle contained “20 disc-shaped pieces of gold each weighing 2.5 kg”, and it was headed to the Indian state of Gujarat. This isn’t the first time the dynamic duo had tried the same ploy, as according to authorities, they have smuggled around 350 kg of gold to India through 21 consignments over the past six months using the same method.

 

Media reports quoting officials from the Directorate of Revenue Intelligence (DRI) said the brothers initially smuggled in only half a kg of gold in eight machine parts before increasing the quantity. Saturday’s haul was the biggest in Mumbai in recent years.

Other articles on the category

The branch news