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The Enforcement Directorate (ED) has initiated a cash laundering probe to analyze a large-scale foreign-origin gold smuggling syndicate which is energetic from the Bangladesh border to many States resembling Chhattisgarh and Jharkhand.
From August 5, the ED carried out searches for 3 days at 21 areas in Chhattisgarh and one in Jharkhand, stated the sleuths. The company stated it has seized “unaccounted or unexplained” gold bullion weighing about 3.8 kg, round 12 kg of gold ornaments, 671.77 kg of silver and ₹1.41 crore money.
A case below the Prevention of Cash Laundering Act (PMLA) was registered by the ED to probe the “smuggling of foreign-origin good and different treasured metals by way of illicit channels from Bangladesh to Raipur (Chhattisgarh capital metropolis) through Kolkata,” the company acknowledged in an announcement.
The ED’s probe is hinged on a chargesheet filed by the Directorate of Income Intelligence (DRI). “An expert service of gold was caught by DRI whereas smuggling gold and treasured stones by way of illicit channels. The DRI recovered gold from his possession which was of international origin and was introduced into India from Bangladesh by way of smuggling channel and was transported from Kolkata to Raipur for its consumption at Raipur by Vijay Kumar Baid alias Vicky and others,” the ED stated.
“A big-scale smuggling syndicate is working in Chhattisgarh and close by States,” the ED acknowledged whereas declaring that it’s personal investigation has additionally reconfirmed what DRI came upon. “The modus operandi of this syndicate is that foreign-origin gold is being smuggled into the nation after it’s acquired in Myanmar from the place it involves Bangladesh and additional enters the State of West Bengal. This gold reaches different States like Chhattisgarh by way of highway and through rail transport,” it stated.
Printed on
August 10, 2022
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