DRI Dismantles Major Gold Smuggling Network in Coordinated Raids
The Directorate of Revenue Intelligence (DRI) has busted a Delhi-based gold smuggling syndicate in a series of coordinated operations across multiple states, seizing approximately 9 kg of smuggled foreign-origin gold, 42 kg of silver, foreign currency valued at around Rs 8.15 crore, and Rs 26.67 lakh in Indian currency. Eight individuals have been arrested in connection with the illicit network, according to a statement released by the Ministry of Finance on Wednesday.
The syndicate employed a sophisticated method of transporting smuggled gold from the North Eastern region to Delhi using multiple carriers traveling by different trains, staggering their movements to reduce the risk of detection. The group also operated a clandestine gold-melting facility in a densely populated residential area of Delhi, the ministry said.
Interceptions at Railway Stations Lead to Arrests
On June 26, DRI officers intercepted two carriers at New Cooch Behar Railway Station in West Bengal and Mansi Junction in Bihar, recovering around 2 kg of concealed gold bars. Simultaneously, two more individuals were apprehended in Delhi with approximately 1.2 kg of smuggled gold. These operations led to the detection of the illicit gold-melting facility in Delhi, following which all four persons were arrested.
In a separate operation on the same day, DRI officers intercepted a woman traveling by train from Sairang to Kolkata and recovered 20 foreign-origin gold bars weighing around 3.3 kg that had been concealed in a customised waist belt. She was also taken into custody.
International Financing Network Uncovered
The investigation uncovered an international financing network linked to precious metal smuggling. DRI officials in Chennai intercepted domestic air cargo consignments and recovered foreign currency comprising USD 758,500 and Thai Baht 3.5 million, valued at around Rs 8.15 crore. The Ministry of Finance stated that the probe revealed that the foreign currency was being smuggled out of India through various conduits and was being used to fund inward smuggling of precious metals back into the country.
Based on the investigation, DRI intercepted one recipient of the foreign exchange at Bengaluru airport after he arrived from Dubai with 1.8 kg of gold. Subsequent searches at his residence led to the recovery of around 42 kg of silver, 700 grams of gold jewellery, and Rs 26.67 lakh in Indian currency.
Direct Link Between Forex Smuggling and Gold Trafficking
The ministry said the case establishes a direct operational link between the illicit procurement of foreign currency in India, its smuggling abroad, and the organised smuggling of gold and silver back into the country. This operation marks a significant blow to cross-border gold smuggling networks operating in India.
