Kochi: The Directorate of Revenue Intelligence (DRI) has made a breakthrough in a gold smuggling case, after it arrested a director of a jewellery chain in Kerala.
It informed the additional chief judicial magistrate, or ACJM, economic offences, Ernakulam, that evidence had been found against the chain.
Ashraf, director of the Kozhikode-based Malabar Gold, told sleuths he had bought 10 kg of gold from Shahabas, the kingpin of the smuggling racket. Shahabas, who had smuggled 39 kg through carriers, was arrested in Bangalore recently. The ACJM on Tuesday sent Shahabas to DRI custody for five days.
On Monday, DRI had raided the corporate office of Malabar Gold at Kozhikode. C P Udayabhanu, DRI advocate, said the group had been dealing in smuggled gold.
26/11/13 George Joseph/Business Standard
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It informed the additional chief judicial magistrate, or ACJM, economic offences, Ernakulam, that evidence had been found against the chain.
Ashraf, director of the Kozhikode-based Malabar Gold, told sleuths he had bought 10 kg of gold from Shahabas, the kingpin of the smuggling racket. Shahabas, who had smuggled 39 kg through carriers, was arrested in Bangalore recently. The ACJM on Tuesday sent Shahabas to DRI custody for five days.
On Monday, DRI had raided the corporate office of Malabar Gold at Kozhikode. C P Udayabhanu, DRI advocate, said the group had been dealing in smuggled gold.
26/11/13 George Joseph/Business Standard
