Directorate of Revenue Intelligence (DRI) claimed Friday that it has seized the largest cache of gold ever recovered in the history

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The Directorate of Revenue Intelligence (DRI) claimed Friday that it has seized the largest cache of gold ever recovered in the history of probe agency from a smuggling syndicate in Mumbai’s Dongri area. “Information was received by DRI that a syndicate is involved in smuggling of foreign origin gold in various forms like ropes, wires, rods, discs, etc. of various weights into India by concealing the same in import consignments, mainly melting scrap of different metals,” stated the DRI press release.Total gold of 106.9 Kgs and cash of Rs. 1.81 Crores has been seized in this case till now. Investigations are still going on to identify other players in this smuggling racket.


DRI said that in their statement to authorities, Shoeb and Abdul admitted that they had received more than 200 kgs of foreign-origin gold smuggled into India from a person named Nisar Aliyar and that the 75 kgs of foreign origin gold recovered from their possession was also received from Aliyar.

More than 200 Kgs of foreign origin gold valued at Rs. 60 crores has been smuggled by Nisar into India by concealing it inside imported metal scrap. He sold part of the smuggled gold to Zarodarwalas and to Dhakad.

Zarodarwalas, after receiving the smuggled gold, sold it to various customers on a commission basis and Manoj Jain was one of them. The illicit money against the purchase of gold was routed to Dubai through hawala.