103% more gold re­cov­ered this fis­cal year, says DRI

Hindustan Times (Ranchi) - - Nation - An­vit Sri­vas­tava an­vit.sri­vas­[email protected]

NEWDELHI:A stag­ger­ing 3,223 kg of gold worth ₹974 crore was re­cov­ered from cross-bor­der smug­glers in fis­cal 2017-2018, ac­cord­ing to a di­rec­torate of rev­enue in­tel­li­gence (DRI) re­port re­leased on Thurs­day.

This is 103% more than the gold re­cov­ered in the pre­vi­ous fis­cal year, 2016-2017.

The re­port ti­tled ‘Smug­gling in In­dia’ said 1,422 kg of gold worth ₹472 crore had been re­cov­ered across the coun­try in 2016-2017. “A ma­jor­ity of the seized gold was il­lic­itly im­ported via land bor­ders in cities like Kolkata, Mum­bai, Chen­nai, and Delhi, which are also high con­sump­tion cen­tres for the smug­gled gold,’’ it said.

“Land bor­ders with Myan­mar and Bhutan wit­ness high rate of gold smug­gling to Kolkata, which is then tran­sited to other metropoli­tan cities.”

The re­port said the max­i­mum

gold seizures were made from north eastern states fol­lowed by Delhi, Tamil Nadu, Kar­nataka and Ma­ha­rash­tra in 2017-2018. It said there was also a marked in­crease in seizures of drugs and psy­chotropic sub­stances. “The

num­ber of seizures in­creased to 78 in 2017-18 from 64 in 2016-17, an in­crease of over 22%”.

Fif­teen cases of seizure of fake In­dian cur­rency notes were recorded in 2017-18 amount­ing to face value of ₹70.06 lakh.

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