Over 15 kilo ‘unaccounted’ gold worth Rs 5 crore seized in Hyderabad

Police on Tuesday apprehended a jeweller and his two employees for allegedly attempting to smuggle gold ornaments weighing over 15 kg.

Published: 07th March 2018 02:32 AM  |   Last Updated: 07th March 2018 04:41 AM   |  A+A-

A salesperson attends to a customer (not pictured) inside a jewellery showroom, during Akshaya Tritiya, a major gold-buying festival, in Mumbai | REUTERS

By Express News Service

HYDERABAD: Police on Tuesday apprehended a jeweller and his two employees for allegedly attempting to smuggle gold ornaments weighing over 15 kg. The accused were allegedly working for a well-known jewellery chains outlets in Bengaluru and Mysuru.

After the preliminary probe, cops are yet to ascertain the exact source of the gold. They have handed over the seized commodity and the accused to the Income Tax Department. During a routine vehicle check in Aliabad, Shalibanda police noticed an over-speeding auto trying to evade the police. The vehicle, which was being driven rashly, proceeded towards Aramghar road.

The officials passed on the information to Chandrayangutta police who intercepted the auto and nabbed two persons. Employees of Raja Ram Jewels in Charminar —Vaishnav Manoj Kumar (24) and Pradeep Agarwal (23) —were found carrying huge quantities of gold ornaments.

The duo claimed that their employer Yashaswi Agarwal had handed over the gold to them to be delivered at Joyalukkas outlets in Mysore in Bengaluru.

During questioning, cops found that the duo did not have any IT documents for the gold. “Yashaswi has claimed that Joyalukkas had placed an order with him for ornaments and he was delivering the same. However, he failed to produce any relevant documents to support the claims. The seized gold is worth over `5 crore,” said  police commissioner (in-charge) VV Srinivas Rao.

Stay up to date on all the latest Hyderabad news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp