88 kg smuggled gold bars, 19.66 kg studded jewellery seized in massive haul in Ahmedabad

Mar 18, 2025

NEW DELHI: 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).

As per a statement from the Ministry of Home Affairs, the search led to the recovery of 87.92 kilograms of gold bars, valued at around Rs 80 crores.

"Majority of the said gold bars bear foreign markings, indicating that these were smuggled into India," the ministry said.

The operation also uncovered 11 luxury watches, including a Patek Philippe watch studded with diamonds, a Jacob & Co timepiece, and a Franck Muller watch; and 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 Rs 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," the ministry said.