Mumbai: Investigations by the Directorate of Revenue Intelligence (DRI) into the case wherein the agency officials had busted gold melting facilities and had seized Rs 15 crore worth gold following arrest of 11 persons, has revealed that the kingpin of the syndicate procured smuggled gold from contacts and clients based in Dubai, Kolhapur, Sangli, and other parts of Maharashtra.

The gold was then melted, adulterated and converted into Indian bars with Marking “VS Gold" and "RG" to disguise its illicit origin at unauthorised workshops and sell the rebranded gold.

11 Arrested Including Mastermind With Past Smuggling Record

DRI officials on Tuesday arrested 11 persons involved in smuggling, melting, and the illicit sale of gold were arrested, including the mastermind, who has a past recor

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