In a major operation, the Nawabpet police of Nellore district, on Thursday, busted a gold smuggling racket, arrested 12 bullion merchants, and seized ₹5.83 crore cash from their possession.
“The gold traders, all natives of Kakinada and Rajamahendravaram were intercepted near Nellore railway station, while they were proceeding to Chennai to procure gold,” said Superintendent of Police (SP) K. Tirumaleswar Reddy.
On a tip-off, that the accused were smuggling gold from Tamil Nadu and evading tax, the team led by Additional SP Soujanya, Deputy SP D. Srinivas Reddy and Nawabpet CI M. Baji, took the 12 jewel traders into custody and recovered the cash from them.
