Business News | Andhra Pradesh: Gold Worth Rs 7.48 Crore Seized by Vijayawada Customs
Get latest articles and stories on Business at LatestLY. The operation involved interception at multiple locations across the state where the customs officials got hold of carriers of smuggled gold who were travelling in different modes of public transport.
Vijayawada (Andhra Pradesh) [India], March 22 (ANI): The Customs Commissionerate in Vijayawada seized 12.97 kilogram of gold worth Rs 7.48 crore and nabbed four individuals during a special operation, officials said on Wednesday.
According to officials, the gold was being smuggled to Andhra Pradesh.
The operation involved interception at multiple locations across the state where the customs officials got hold of carriers of smuggled gold who were travelling in different modes of public transport.
Four individuals carrying the precious yellow metal were arrested under provisions of the Customs Act 1962 and further investigations are on.
According to a release, the customs officers seized 12.97 kg gold, estimated to be worth Rs 7.48 crore.
"The gold seized predominantly included gold whose foreign markings were deliberately defaced to try and camouflage the smuggled nature of the gold," it added. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)