DRI Busts Gold Smuggling Racket at Indian Airport
All the seven involved in the smuggling act were booked by the DRI under the Customs Act 1962.
SEATTLE (Scrap Monster): The Directorate of Revenue Intelligence (DRI) officials busted a gold smuggling gang at Indore International Airport in India’s Central state of Madhya Pradesh. Seven people, including a woman were arrested. A total of 5.5 kilograms of gold worth around $298,000 were seized from them.
ALSO READ: Smuggled Gold to India Totalled Nearly 50 Tonnes So Far This Year
According to DRI, the passengers arrived at the airport via Air India flight from Dubai and were on their way to Mumbai via a connecting flight. Upon checking, the officials found that the passengers had hidden gold in the form of paste, covered in plastic covers, in several parts of their body and dress. The gold in the form of paste was placed inside capsules.
All the seven involved in the smuggling act were booked by the DRI under the Customs Act 1962. The DRI is currently investigating other people linked with the gang.
- Panama President Sees No Environmental Threat from Copper at Closed First Quantum Mine
- Consumers Sue Exxon, Dow, Others over Plastic Recycling Claims
- VLS Environmental Solutions Announces Acquisition of Clearfield MMG in Virginia
- December 19, 2024: Scrap Gold and Platinum Prices Dipped, Silver Up on the Index
Scrap Metal Prices
Copper Scrap | ||
Alternator | 0.40 | $US/Lb |
#1 Copper Bare Bright | 4.17 | $US/Lb |
Aluminum Scrap | ||
356 Aluminum Wheels (Clean) | 0.81 | $US/Lb |
6061 Extrusions | 0.71 | $US/Lb |
Steel Scrap | ||
#1 Bundle | 360.00 | $US/MT |
#1 Busheling | 380.00 | $US/MT |
Electronics Scrap |