Biggest Hauls of Gold: Ahmedabad Tally Touches Rs 100 Crore: 88kg in Gold, 19.6kg of Jewellery, Rs 1.3 Crore Cash Seized in Apartment
Massive haul of 88 kg Gold bars, 19.66 kg studded Gold Jewellery and Rs. 1.37 Crores Cash at Ahmedabad by DRI, in a joint operation with Gujarat ATS
Source Posted On: 18 MAR 2025 12:39PM by PIB Ahmedabad
In a significant breakthrough against smuggling operations, the officers of the Directorate of Revenue Intelligence (DRI) conducted a search at a residential flat in Paldi, Ahmedabad on March 17, 2025, along with the officers of Gujarat Anti-Terrorism Squad (ATS). The inputs were received from Gujarat ATS
The search led to the recovery of 87.92 kilograms of gold bars, valued at around ₹ 80 crores. Majority of the said gold bars bear foreign markings, indicating that these were smuggled into India.
The operation also uncovered: (i) 11 luxury watches, including a Patek Philippe watch studded with diamonds, a Jacob & Co timepiece, and a Franck Muller watch; and (ii) Jewellery weighing 19.66 kilograms, studded with diamonds and other precious/ semi-precious stones. The valuation of the said jewellery and luxury watches is in progress. In addition, cash amounting to ₹ 1.37 crores was also recovered from the said residential premises.
The search represents a major blow to illicit activities and underscores DRI’s commitment to combating economic offences, and safeguarding the integrity and sovereignty of nation.
Further investigations are currently underway.
