Gold worth Rs 1,473 cr smuggled into India concealed as brass scrap
Kochi: A collective of 22 members of a syndicate to smuggle gold from Dubai to Mumbai and Kerala was identified by Central Revenue Intelligence. According to the probe report, Perumbavoor native Nisar P Aliyar is the mastermind of the venture.
The shocking information was revealed when the confidential documents by Nisar were found by the officials after he was arrested in Mumbai the other day.
Between the time period February 27, 2017 and March 17, 2019 the gang had brought 4,522 kg of gold to India via different sea ports. This would be worth Rs 1,473 crore, said the report.
This was brought to India under the label ‘brass scrap’ by painting the gold black.
Gold is transported from Gulf to Mundra port in Gujarat and then to a godown in Jamnagar. Later this was distributed in Mumbai and Kerala. Around 100 vehicles and 500 labourers were part of this venture.
Six months back, DRI had seized 75 kg gold from Mumbai. The probe in this incident led to the shocking details of gold smuggling in the country. CRI has formed a large team of officials to probe in this regard in Gujarat, Mumbai and Kerala.
As per the central government’s foreign import guidelines, brass scrap can be imported in India only through Mundra port. This restriction was well utilised by smugglers.
A large amount was handed over to Nisar by the 22 members for gold smuggling. Through hawala deal, this money was transferred to Dubai by Nisar. Gold was imported in India under the companies Al Rams Metal and D P Metal Scrap started by Nisar under his helper’s name Kalppesh Nanda.
Gold bars were painted black and mixed with brass scraps and filled in containers. The documents said import was for SM Corporation and Prachi Impex in Jamnagar. Gold was received by a 3-member gang.
When Nisar was nabbed, he revealed the details of others, including the 22 members.
The probe team also found a pen-drive used by Nisar which contained all the details of the deals including names, amount deposited and the profit gained in the deals. Nisar had also revealed the details regarding the earlier deals.
Officials had interrogated many in connection with the case and seized gold and money from them. From a person named Puran Singh Rajput, one of the intermediary, Rs 68 lakh was found.
There were 5 loyal associates who worked alongside Nisar. The probe team said in the report that more details will be revealed in coming days after their interrogation.
CRI has send notice to all the 22 investors who are involved in illegal import of gold. Bank details of all those persons were inspected. Around ten vehicles and gold worth Rs 49 cr were taken in custody.
S M Corporation owner Vimal Mohanbai Nariya worked as the link between Nisar and others.
Nisar, even though a Perumbavoor native, resides in Kanjoor near Aluva. His gang includes Perumbavoor natives LK A Muhammad, VA Muhammad Fasil, Amjad C Salim and Aluva native A A Ajas. Others hail from Mumbai, Jamnagar, Surat and Udaypur localities.