Shri Lal Mahal Ltd

430 kg of gold, worth around Rs 120 crore, was diverted illegally by a company in Delhi to convert old notes, raids by revenue official have found. Rs 2.48 crore in old notes, Rs 12 lakh in new notes, 80 kg of silver and 15 kg of gold jewellery were also found in the raids in Delhi and Noida, they said.

430 kg of gold, worth around Rs 120 crore, was diverted illegally by a company in Delhi to convert old notes, raids by revenue official have found. Rs 2.48 crore in old notes, Rs 12 lakh in new notes, 80 kg of silver and 15 kg of gold jewellery were also found in the raids in Delhi and Noida, they said.