DRI seizes gold worth Rs 12 cr smuggled from Bangladesh

Gold worth Rs 12 crore smuggled into India from Bangladesh has been seized by DRI officials here and one man has been arrested in this connection.
A team of Directorate of Revenue Intelligence (DRI) conducted searches at a flat in Beliaghata area. The flat was found to be occupied by a couple and on a thorough search, the DRI officials recovered 354 pieces of gold biscuits of foreign origin weighing 41 kg, a press release issued by the revenue intelligence agency said.
"All the gold biscuits were found to bear foreign markings inscribed on them such as Al Etihad, Dubai and Credit Suisse, Switzerland. Value of the seized gold was calculated to be Rs 12.08 crore," it said.

The man has admitted his involvement in the smuggling and said he had received similar type of smuggled gold in the past also for monetary considerations, the release said, adding that the accused was arrested.