October 17, 2016 5:42 PM

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DRI seizes 20 kgs gold, Rs 7 cr cash from old Delhi trader

Department of Revenue Intelligence (DRI) have seized over 20 kg of gold and cash of around seven crore rupees from a shop of an old Delhi-based trader. The total value of the seizure is about 13 crore rupees. <br/><br/>An official release said, two persons have been arrested and remanded to judicial custody. It said, DRI continues with its drive against smuggling and black money and has achieved significant results in the recent past. <br/><br/>Last month, the Delhi Zonal Unit of DRI had made a record detection of smuggling of gold of about seven thousand Kilograms, valued at about two thousand crore rupees and had arrested two persons. <br/><br/>The main kingpin has also been detained under the Conservation of Foreign Exchange and Prevention of Smuggling Act.

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