25 kg of smuggled foreign-marked gold from Guwahati seized in Hyderabad
Guwahati: Around 25 kg of smuggled foreign-marked gold worth Rs 11.63 crore has been seized in Hyderabad on Wednesday.
As per initial reports by the Directorate of Revenue Intelligence (DRI), the smuggled gold was transported from Guwahati to Hyderabad.
Three persons have been arrested in connection to the matter.
A SUV car carrying the yellow metal was also seized.
The gold bars were hidden in the dashboard of the SUV after removing the air-bag, the DRI said in a press statement.
Preliminary investigation revealed that the gold was handed over in Guwahati for delivery in Hyderabad.
Acting on a tip-off, the officers of DRI, Hyderabad, mounted surveillance on the Vijayawada- Hyderabad Highway and intercepted the SUV on Tuesday at Panthangi Toll Plaza.
The vehicle, bearing Assam registration, had covered over 2,500 km from Guwahati towards Hyderabad crossing the poll-bound states of Assam and West Bengal, the DRI said.
Meanwhile, the trio was remanded in judicial custody, the DRI said.