MUMBAI: The Directorate of Revenue Intelligence (DRI) has cracked down on a major gold-smuggling syndicate in Mumbai under “Operation Bullion Blaze.”

According to an official release, the operation uncovered an organised racket involved in smuggling gold into India, melting it in covert furnaces, and illicitly selling the refined bullion into the grey market.

Acting on specific intelligence, on November 10, DRI officers carried simultaneous searches at four discreetly located premises in Mumbai, two illegal melting units and two unregistered shops.

Both furnaces were found fully operational, equipped with complete setups for converting smuggled gold in wax and other forms into bars. Officers swiftly moved in, detaining the operators and recovering 6.35 kg of gold on the spot.

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