Mumbai, (UNI) The Directorate of Revenue Intelligence (DRI), Mumbai Zonal Unit (MZU), has successfully busted a major gold extraction and refining facility involved in the illegal melting of smuggled gold, officials said here on Tuesday.
Acting on a specific intelligence, DRI officers conducted searches at three related locations, leading to the recovery of substantial quantities of smuggled gold, silver, and cash.
The operation resulted in the seizure of 23.92 kilograms of gold bars and melted form, including foreign-marked gold, along with 37 kilograms of silver.
Additionally, cash amounting to Rs 5,40,000 was recovered.
The total value of the seized goods, including the cash, is estimated to be approximately Rs 19.6 crore, officials added.
