Bhubaneswar: The Directorate of Revenue Intelligence (DRI) foiled gold smuggling bid with the seizure of a huge amount of gold bars from one businessman in Bhubaneswar.
The DRI officials seized nearly 2.5 kg of gold biscuits worth Rs 1.5 crore approximately.
According to reports, the DRI based on special intelligence conducted a search at the house of a businessman in Bhubaneswar and recovered 2.465 kg foreign marked gold in the form of gold biscuits weighing 100 gm each.
The investigations revealed that the gold was illegally smuggled into the country.
The accused was arrested under provisions of the Customs Act, 1962. He was remanded to judicial custody for further investigations into the matter.