MUMBAI: In probably the most largest haul, the Directorate Revenue of Intelligence (DRI), Mumbai on Thursday busted a gold smuggling racket and seized 110 kgs of gold. Seven individuals of a syndicate have been also arrested. They used to smuggle gold mentioning it as brass metal, sell it to jewellers in Zaveri bazaar after which the money was once sent again to Dubai via hawala channels.
The DRI arrested seven individuals including Nisar Aliyar (43), the kingpin who's a millionaire and proprietor of several corporations in USA, Dubai and Kochi in Kerala. The different accused arrested are Shoeb Mehmood Zoradarwala (47), his son Abdul Ahad Zoradarwala (26),Zaveri Bazaar primarily based jewellers Manoj Giridharilal Jain (32), Happy Arvindkumar Dhakad (34), Hawala operator Aquil Fruitwala (39) and Zoradarwala's employee Shaikh Abdul Ahad (32).
Interestingly Soheb Zaradarwala is the owner of Ajmeri excursions and Travels who was once allegedly underneath the scanner of the National Investigating Agency (NIA) for allegedly arranging excursion visa for Areeb Majeed the early life who joined the Islamic state(IS) in 2016.
Beside 110 kgs of gold the officers have also seized money of Rs 1.81 crores from the apartments and offices of Zoradarwala and Happy Dhakad. The seized gold was once in type of disc, wires, rods and ropes.
Acting at the explicit tip off the DRI have been preserving a tab on a couple of suspect and on Wednesday they intercepted a Activa motorbike which was once pushed via Zordarwala's employee Ahad Shaikh. "The search of his motorbike resulted in recovery of 30 kgs of gold in type of two round disc. Following this we intercepted the City Honda automobile from which we recovered 45 kgs of gold'', stated an professional.
During interrogation Zordarwala and Ahad shaikh admitted that they have been a part of the gold smuggling syndicate headed via Nisar Aliyar and within the last one year that they had smuggled around 200 kgs of gold. "The modus operandi was once the Nisar the kingpin used to smuggle gold mentioning them as brass and in India Zordarwala used to obtain the contraband which he used to sell it to jewellers Rajubhai alias Manoj and Happy Arvindkumar. They in turn used to melt it to make Indian gold bar and sell it to more than a few jewellers in the market. The cash accumulated was once than rerouted to Dubai via hawala operator Aquil Fruitwala,'' the officer added. He stated that while Nisar will get a neat benefit of any place between Rs 2.five to Rs three lakhs consistent with kg, the rest of get 10 to 20 % plus they evade three.6 % customized tasks.
Interestingly Nisar who's from Kochi in Kerala himself used to come back to India to supervise the smuggling operation. He is thought to have smuggled 200 kgs gold worth Rs 60 crores just lately.
Nisar Aliyar stated that in addition to the gold offered to Zarodarwalas, he has also offered around 30 kgs of smuggled items to Happy Dhakad. Manoj Jain admitted that he had purchased around 111 kgs of overseas origin smuggled gold from Zarodarwalas in three to four months and that he was once to gained 15 kgs of gold from the volume recovered via DRI. Aaquil Fruitwala also showed that he had gained Rs. 12 crores from Zarodarwalas which he had sent via Hawala channels to Dubai as a cost against smuggled gold. Fruitwala was once previous arrested via Enforcement Directorate in Currency Declaration Form scam.
Further, overseas marked gold to the music of 20.four kgs in reduce form and 11.five kgs in bars have been recovered with none supporting proof of import in any way.
The DRI arrested seven individuals including Nisar Aliyar (43), the kingpin who's a millionaire and proprietor of several corporations in USA, Dubai and Kochi in Kerala. The different accused arrested are Shoeb Mehmood Zoradarwala (47), his son Abdul Ahad Zoradarwala (26),Zaveri Bazaar primarily based jewellers Manoj Giridharilal Jain (32), Happy Arvindkumar Dhakad (34), Hawala operator Aquil Fruitwala (39) and Zoradarwala's employee Shaikh Abdul Ahad (32).
Interestingly Soheb Zaradarwala is the owner of Ajmeri excursions and Travels who was once allegedly underneath the scanner of the National Investigating Agency (NIA) for allegedly arranging excursion visa for Areeb Majeed the early life who joined the Islamic state(IS) in 2016.
Beside 110 kgs of gold the officers have also seized money of Rs 1.81 crores from the apartments and offices of Zoradarwala and Happy Dhakad. The seized gold was once in type of disc, wires, rods and ropes.
Acting at the explicit tip off the DRI have been preserving a tab on a couple of suspect and on Wednesday they intercepted a Activa motorbike which was once pushed via Zordarwala's employee Ahad Shaikh. "The search of his motorbike resulted in recovery of 30 kgs of gold in type of two round disc. Following this we intercepted the City Honda automobile from which we recovered 45 kgs of gold'', stated an professional.
During interrogation Zordarwala and Ahad shaikh admitted that they have been a part of the gold smuggling syndicate headed via Nisar Aliyar and within the last one year that they had smuggled around 200 kgs of gold. "The modus operandi was once the Nisar the kingpin used to smuggle gold mentioning them as brass and in India Zordarwala used to obtain the contraband which he used to sell it to jewellers Rajubhai alias Manoj and Happy Arvindkumar. They in turn used to melt it to make Indian gold bar and sell it to more than a few jewellers in the market. The cash accumulated was once than rerouted to Dubai via hawala operator Aquil Fruitwala,'' the officer added. He stated that while Nisar will get a neat benefit of any place between Rs 2.five to Rs three lakhs consistent with kg, the rest of get 10 to 20 % plus they evade three.6 % customized tasks.
Interestingly Nisar who's from Kochi in Kerala himself used to come back to India to supervise the smuggling operation. He is thought to have smuggled 200 kgs gold worth Rs 60 crores just lately.
Nisar Aliyar stated that in addition to the gold offered to Zarodarwalas, he has also offered around 30 kgs of smuggled items to Happy Dhakad. Manoj Jain admitted that he had purchased around 111 kgs of overseas origin smuggled gold from Zarodarwalas in three to four months and that he was once to gained 15 kgs of gold from the volume recovered via DRI. Aaquil Fruitwala also showed that he had gained Rs. 12 crores from Zarodarwalas which he had sent via Hawala channels to Dubai as a cost against smuggled gold. Fruitwala was once previous arrested via Enforcement Directorate in Currency Declaration Form scam.
Further, overseas marked gold to the music of 20.four kgs in reduce form and 11.five kgs in bars have been recovered with none supporting proof of import in any way.
110kg gold seized in Mumbai, seven arrested
![110kg gold seized in Mumbai, seven arrested]()
Reviewed by Kailash
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March 30, 2019
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