Did DRI Uncover a Major Gold Smuggling Syndicate in Mumbai?
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Synopsis
In a groundbreaking operation dubbed 'Operation Bullion Blaze,' the DRI has taken significant strides against gold smuggling in Mumbai. With over 11 kg of gold seized and multiple arrests, this operation reveals the depths of organized crime in India’s bullion market.
Key Takeaways
- 11.88 kg of gold seized during the operation.
- Eleven individuals arrested, including the mastermind.
- The operation reveals a structured smuggling network.
- DRI's commitment to combatting organized crime.
- Significant implications for India's gold market.
Mumbai, Nov 12 (NationPress) The Directorate of Revenue Intelligence (DRI) has successfully dismantled a significant gold smuggling and melting operation in Mumbai, known as “Operation Bullion Blaze,” as per an official announcement made on Wednesday.
This extensive operation unveiled a structured network involved in illegally importing gold into India, melting it in hidden furnaces, and distributing the refined bullion into the grey market.
Following precise intelligence, DRI officials executed simultaneous searches on November 10 at four concealed locations in Mumbai, which included two illegal melting facilities and two unregistered shops.
Both melting furnaces were operational, equipped with comprehensive setups for transforming smuggled gold concealed in wax and other materials into bars. Officers confiscated 6.35 kg of gold on-site and apprehended those managing the units.
Subsequent searches at two shops associated with the mastermind, utilized for receiving smuggled gold and selling melted bars to local clientele, led to the recovery of an additional 5.53 kg of gold bars.
Overall, 11.88 kg of 24-carat gold valued at Rs 15.05 crore and 8.72 kg of silver worth Rs 13.17 lakh were seized under the provisions of the Customs Act, 1962.
Eleven individuals, including the mastermind, his father, a manager, four hired melters, an accountant, and three delivery personnel, were arrested. All suspects were presented before the court in Mumbai and remanded to judicial custody, as stated.
Initial investigations suggest a well-coordinated conspiracy to smuggle and sell gold illegally, in blatant violation of India’s gold import policy and intended to evade government revenue.
The DRI reiterated its dedication to dismantling organized smuggling networks that undermine revenue, distort markets, and jeopardize fiscal stability. By intercepting illicit gold flows and disrupting the shadow economy, the DRI continues to protect India’s economic interests and foster a fair and transparent trading environment.
Further investigations are ongoing.
Point of View
I affirm that the DRI's operation exemplifies the government's ongoing efforts to combat organized crime, ensuring that revenue is protected and fair trading practices are upheld. The dismantling of such syndicates is vital for maintaining economic stability in the country.
NationPress
12/11/2025
Frequently Asked Questions
What was Operation Bullion Blaze?
Operation Bullion Blaze was a major initiative by the DRI aimed at dismantling a gold smuggling syndicate in Mumbai, resulting in the seizure of 11.88 kg of gold.
How much gold was seized during the operation?
A total of 11.88 kg of 24-carat gold was seized during the operation, valued at Rs 15.05 crore.
How many people were arrested?
Eleven individuals were arrested, including the mastermind and other key members of the syndicate.
What are the implications of this operation?
This operation highlights the DRI's commitment to dismantling organized smuggling networks, which is crucial for protecting India's economic interests and maintaining market integrity.
