International Development News
Development News Edition

DRI busts major gold smuggling racket at Delhi airport

The father-son duo are well settled and known traders of papers having turnover of several crores of rupees.


A major gold-smuggling syndicate, that has smuggled in over 100 kgs yellow metal in past one year, active at Delhi and Dhaka international airports has been busted by the Directorate of Revenue Intelligence (DRI).

Eight people, including the mastermind father-son duo, have been arrested in the case and 6.5 kgs gold, with an estimated market value of Rs 2.1 crore, has been seized recently, a statement issued today by the DRI said.

The father-son duo are well settled and known traders of papers having turnover of several crores of rupees.

"This syndicate has indulged in smuggling of gold since past one year and so far has smuggled in around 100 kgs of gold through Dhaka international airport, Bangladesh and Indira Gandhi International (IGI) airport, Delhi," it said.

The DRI has found the involvement of some insiders who were issued with the identity cards by the Bureau of Civil Aviation Security (BCAS) in this gold smuggling chain.

"The father-son duo used to arrange carriers from Delhi, Rajasthan and adjoining areas through their agents. Investigation so far has revealed that another set of people which are part of syndicate are stationed at Dubai and are involved in purchase of gold and ensuring customs clearance at Dubai airport," the DRI said.

On their arrival at Delhi airport, the carriers used to hand over the gold bars to an employee, working in Airtel kiosks, in the passenger toilet at IGI airport, who in turn used to deliver it to another person outside the airport, it said.

"Hawala channels were being used to transfer money from India to Dubai. The mastermind of the syndicate gives commission to every member of the syndicate depending upon his role," the agency said explaining the modus operandi.

In the month of June alone, this syndicate has smuggled around 23 kgs gold through Delhi airport, it said.

"This syndicate has a nexus with some employees working at Airtel kiosks at IGI airport, who have valid ID cards issued by BCAS. Having access to the arrival, departure and the security hold area, these persons (would) roam freely around the airport without raising suspicion and taking delivery of smuggled gold consignments from the international passengers and (would) further transfer the smuggled gold to persons waiting outside the airport," the DRI said.

As these employees had unhindered access inside the airport and being the BCAS card holders, they were subjected to lesser scrutiny by the security agencies, it said.

"There are similar other syndicates working at the IGI airport who are also on the radar of DRI," the statement said.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION/BLOG/INTERVIEW

'No escape from telephones', this 1953 prediction actually comes true

In 1953, a telephone company chief predicted that therell be no escape from telephones in the future....

With Ayodhya verdict, CJI starts clearing high profile pending cases

Ending all the speculations, the Chief Justice of India Mr. Ranjan Gogoi who is due to retire on November 17 decided to deliver the verdict in Ayodya dispute at 10.30 am on Saturday which is not a working day for the Supreme Court. This is ...

How partnerships and collaborations could enhance teacher training

Monica Malhotra Kandhari, Managing Director, MBD Group shares her views on public private partnership and collaborations in education sector. She supports her propositions with her organisations success stories....

Fixed Test centers would facelift level of WTC in India

The venues for the test matches in India should be fixed so that World Test Championship matches remain fair....

Videos

Latest News

New faster, cheaper way to break CO2 into useful chemicals found

A novel catalyst breaks carbon dioxide into useful chemicals faster, cheaper, and more efficiently than the standard method, an advance that could make it possible to economically turn CO2 into fuels, scientists say. The extra carbon dioxid...

Coriander futures eases on weak demand

Coriander prices on Monday fell by Rs 61 to Rs 7,125 per quintal in futures trade as speculators reduced their positions amid weak demand in spot market. On the Multi Commodity Exchange, coriander contracts for November fell by Rs 61, or 0....

UPDATE 1-U.S., S.Korea resume defence cost-sharing talks amid protests of 'robbery'

South Korean and U.S. officials resumed talks on Monday to narrow a 4 billion gap in how much they want Seoul to pay for the cost of hosting the American military amid public protests of highway robbery against sharply increased U.S. demand...

China Jan-Oct FDI up 6.6% y/y in yuan terms

Foreign direct investment FDI in China rose 6.6 from a year earlier to 752.41 billion yuan 107.58 billion in the first ten months of the year, the commerce ministry said on Monday.In October, FDI to China grew 7.4 from a year earlier to 69....

Give Feedback