Chennai: An international gold smuggling racket operated by a Tamil Nadu-based gang through Indo-Myanmar land border has been busted by Directorate of Revenue Intelligence, with the arrest of a man hiding nine kilos of the yellow metal valued at Rs 2.76 crore.
Maria Selvaraj was arrested here today and 9.120 kg of gold with foreign markings 'Valcambi Suisse,' in the form of gold bars in nine packets valued at Rs 2.67 crore seized from him, the central agency said.
He was held on arrival by the Howrah-Chennai Mail and was remanded to judicial custody, DRI said in a release.
He also admitted that the smuggled gold was handed over to him by a person of Myanmar-origin at Kolkata, DRI said.
"DRI Chennai has been working on intelligence regarding gold smuggling through air and sea ports and particularly at Indo-Myanmar land border through transit points by a gang based out of Tamil Nadu," it said.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Maria Selvaraj was arrested here today and 9.120 kg of gold with foreign markings 'Valcambi Suisse,' in the form of gold bars in nine packets valued at Rs 2.67 crore seized from him, the central agency said.
He was held on arrival by the Howrah-Chennai Mail and was remanded to judicial custody, DRI said in a release.
He also admitted that the smuggled gold was handed over to him by a person of Myanmar-origin at Kolkata, DRI said.
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"DRI Chennai has been working on intelligence regarding gold smuggling through air and sea ports and particularly at Indo-Myanmar land border through transit points by a gang based out of Tamil Nadu," it said.
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(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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