India

Gold worth Rs 2 crore seized from plane at Delhi airport

Customs officials recovered four gold bars worth Rs 2 crores at Delhi airport on Sunday from the toilet of a plane that was flying on international routes.

Officials acting on prior information rummaged the aircraft and recovered the gold in a pouch found affixed with adhesive tape below the sink in the toilet.  The puch contained four rectangular gold bars weighing around 3969 grams valued at Rs 1,95,72,400, said an official statement.

The gold recovered along with its packing material has been seized under Section 110 of the Customs Act, 1962 and further investigation is underway, it the statement added. Further investigation is on in the matter to unravel the smuggling network.

Gold smuggling is on the rise in the country due to the higher price of the precious metal in the country. Unscrupulous elements out to make a fast buck can buy gold easily abroad in places such as Dubai and then board the flight to India.

IN Bureau

Recent Posts

India spent $14 tn on investments since Independence, more than half of it spent in last 10 yrs: Report

India's economic growth story has witnessed a remarkable surge in investment spending, with over half…

7 minutes ago

India should be branded as a ‘Responsible Capitalist’ nation: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman has called for branding India as a "Responsible Capitalist" nation, emphasizing…

1 hour ago

Taiwan reports hike in Chinese military activity

Taiwan's Ministry of National Defence (MND) reported Chinese military activity on Saturday and detected 25…

1 hour ago

VINBAX 2024: Vietnam-India bilateral army exercise concludes at Kaushalya Dam

The fifth edition of the historic Indo-Vietnam Joint Field Training Exercise, VINBAX-2024, successfully concluded its…

18 hours ago

India-Russia strengthen defence ties at 22nd Working Group meeting on military technical cooperation

The 22nd meeting of the India-Russia Working Group on Military technical cooperation and defence industry…

18 hours ago

“I want to have strong representation of India at World Nuclear Exhibition 2025”: Sylvie Bermann

Sylvie Bermann, President of the World Nuclear Exhibition expressed confidence in India's nuclear supply chain…

19 hours ago