New Delhi [India], November 12 (ANI): The Directorate of Revenue Intelligence (DRI) has cracked down on a major gold-smuggling syndicate in Mumbai under 'Operation Bullion Blaze', the Finance Ministry said on Wednesday.

The operation uncovered an organised racket involved in smuggling gold into India, melting it in covert furnaces, and illicitly selling the refined bullion into the grey market, according to a release.

Acting on specific intelligence, on November 10, DRI officers carried out simultaneous searches at four discreetly located premises in Mumbai -- two illegal melting units and two unregistered shops.

Both furnaces were found fully operational, equipped with complete setups for converting smuggled gold in wax and other forms into bars. Officers swiftly moved in, detainin

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