STOCK MARKET BSE NSE

14.7 kg of smuggled gold seized at Kochi Port

 In a major crackdown, the Directorate of Revenue Intelligence (DRI) on Tuesday seized 14.7 kg of gold from a baggage that arrived at Kochi port.

Published: 21st April 2021 05:46 AM  |   Last Updated: 21st April 2021 05:46 AM   |  A+A-

By Express News Service

KOCHI: In a major crackdown, the Directorate of Revenue Intelligence (DRI) on Tuesday seized 14.7 kg of gold from a baggage that arrived at Kochi port. Even though gold seizure from airports is common in Kerala, it was after years of gap that gold was seized from a sea port in state.According to DRI officers, following the seizure, searches were carried out in various locations in Malappuram and Kozhikode districts. The seized gold is valued at Rs 7.2 crore which is the highest one this year. 

“A Malappuram native booked and sent the shipping cargo from Dubai. The gold was cleverly concealed inside a refrigerator. There were more than 120 gold biscuits. The person who sent the cargo reached Kerala in a flight a few weeks ago. The ship arrived last week. He was in Kochi to receive the cargo. We have taken him into custody and interrogation is on. We are also conducting searches at his residences and places named by him during the interrogation,” sources said.

DRI suspect that the gang involved in gold smuggling had used the sea route earlier. “With gold being seized at airports frequently, the gang switched to ship cargo route. We suspect that they had carried out smuggling in a similar manner before. It is also being investigated whether any Customs officials is involved.

There will be more arrests soon,” sources said. After seizure of gold sent through diplomatic channel in Thiruvananthapuram airport last year, this would be largest seizure of smuggled gold in recent times. The accused  will be produced before Ernakulam Additional Chief Judicial Magistrate (Economic Offences) Court on Wednesday.



Comments

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