India Cracks Down on Gold Smuggling: DRI Arrests Hawala Dealer’s Uncle in Multi-Crore Case

The Directorate of Revenue Intelligence (DRI) has made a significant arrest in a multi-crore gold smuggling case, apprehending the uncle of a hawala dealer. The accused, who has been identified as the uncle of Sahil Jain, a notorious hawala dealer, was taken into custody by the DRI in connection with the smuggling of gold worth several crores. According to reports, the DRI had been investigating a gold smuggling racket that involved the smuggling of gold from foreign countries into India. The investigation revealed that the accused had been involved in the smuggling of gold and had been using his nephew’s hawala network to launder the money. The DRI had been tracking the accused for several months and finally arrested him in a raid. The arrest is seen as a major breakthrough in the investigation and is expected to lead to further arrests. The DRI has seized several documents and evidence from the accused, including mobile phones, laptops, and other electronic devices. The accused has been charged under the Customs Act and the Prevention of Money Laundering Act. The investigation has revealed that the gold smuggling racket was being operated by a syndicate of individuals who had connections with foreign countries. The syndicate had been smuggling gold into India through various routes, including airports and sea ports. The gold was then being sold in the black market, with the proceeds being laundered through hawala channels. The DRI has been cracking down on gold smuggling in recent months, with several arrests and seizures being made. The government has also taken steps to curb gold smuggling, including increasing the duty on gold imports. The arrest of the hawala dealer’s uncle is seen as a significant step in the fight against gold smuggling and money laundering. The DRI is expected to continue its investigation and make further arrests in the coming days. The case has also highlighted the need for greater vigilance and cooperation between law enforcement agencies to combat gold smuggling and money laundering. The DRI has been working closely with other agencies, including the Income Tax Department and the Enforcement Directorate, to investigate the case. The investigation has also revealed that the gold smuggling racket had connections with other criminal activities, including narcotics smuggling and terrorism. The DRI has been analyzing the evidence and documents seized from the accused to unravel the entire network of gold smuggling and money laundering. The agency is also expected to issue notices to several other individuals and entities who are suspected to be involved in the racket. The case has sent shockwaves in the business community, with several traders and businessmen being questioned by the DRI. The DRI has assured that it will take strong action against anyone found to be involved in gold smuggling and money laundering. The government has also announced that it will take steps to strengthen the laws and regulations to prevent gold smuggling and money laundering. The case is expected to have significant implications for the gold trade in India, with several measures being taken to prevent gold smuggling and ensure that the gold trade is conducted in a transparent and legitimate manner.

Source