DRI seizes 52 kg smuggled gold worth Rs 15 cr from Mundra port

Gandhidham: The Directorate of Revenue Intelligence (DRI) has seized 52 kg of smuggled gold, worth Rs 15 crore, from a consignment imported by a Delhi-based firm at Mundra port, an official said on Sunday.

Sleuths of the Gandhidham regional unit of DRI seized the gold from a consignment of Param Equipments Pvt Ltd, concealed in a frame of egg incubator last night, Gandhidham DRI deputy director H K Singh told reporters.

The company belongs to one Harnek Singh, who in his last consignment had imported smuggled 44 kg gold, which was seized by the DRI in Delhi. He was subsequently arrested on May 13, the officer said.

"The gold was being smuggled by M/s Param Equipments Pvt Ltd in a frame of egg incubator. This was his (Singh's) 49th import. In his last consignment he had smuggled 44 kg of gold that was caught by DRI, Delhi," he said.

The modus operandi involved Singh's relatives living in Dubai. He used to send remittances to Dubai by hawala, he said.

"We cracked the modus operandi and seized 52 kg of gold worth Rs 15 crore," said Singh.