Mumbai, Nov 12 (IANS) The Directorate of Revenue Intelligence (DRI) has busted a major gold smuggling and melting syndicate in Mumbai under “Operation Bullion Blaze”, an official statement said on Wednesday.

The operation exposed an organised network engaged in smuggling gold into India, melting it in clandestine furnaces, and offloading the refined bullion into the grey market.

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

Both furnaces were found operational, equipped with complete setups to convert smuggled gold concealed in wax and other forms into bars. Officers seized 6.35 kg of gold on the spot and detained those running the units.

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