In a significant breakthrough against smuggling operations, the officers of the Directorate of Revenue Intelligence (DRI) conducted a search at a residential flat in Paldi, Ahmedabad on March 17, 2025, along with the officers of Gujarat Anti-Terrorism Squad (ATS). The inputs were received from Gujarat ATS.

The search led to the recovery of 87.92 kilograms of gold bars, valued at around ₹ 80 crores. Majority of the said gold bars bear foreign markings, indicating that these were smuggled into India.

 

The operation also uncovered: (i)  11 luxury watches, including a Patek Philippe watch studded with diamonds, a Jacob & Co timepiece, and a Franck Muller watch; and (ii) Jewellery weighing 19.66 kilograms, studded with diamonds and other precious/ semi-precious stones. The valuation of the said jewellery and luxury watches is in progress. In addition, cash amounting to ₹ 1.37 crores was also recovered from the said residential premises.

The search represents a major blow to illicit activities and underscores DRI's commitment to combating economic offences, and safeguarding the integrity and sovereignty of nation.

Further investigations are currently underway.

 

AP/IJ/GP/JT

સોશિયલ મીડિયા પર અમને ફોલો કરો :  @PIBAhmedabad    /pibahmedabad1964    /pibahmedabad  pibahmedabad1964[at]gmail[dot]com

(Release ID: 2112126)