Chennai: In a swift and simultaneous swoop on multiple locations, officials of the Directorate of Revenue Intelligence (DRI) bused a gold smuggling syndicate with the arrest of four people, including its kingpin, and seized 20.6 kg gold of foreign origin valued at Rs 6.88 crore frrom them on Wednesday.
A DRI release here said apart from the gold, the officials also seized Rs 21 lakh cash and a BMW car used to deliver the smuggled gold under the Customs Act, 1962. Interrogatioin of the arrested gang members revealed that the Chennai-based kingpin, a resident of Choolaimedu, used
to organise operatives, who would operate in the domestic sector to various airports, collect gold bars from transit passengers and bring them back to Chennai in the domestic sector and hand them over to the kingpin and his aide.
The DRI said the seized gold was smuggled from Dubai to Chennai through Mumbai in this manner.