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Police seize gold and silver articles worth 1 crore in Hyderabad

kent-jackson by kent-jackson
May 9, 2024
in News
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Police seize gold and silver articles worth 1 crore in Hyderabad
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Hyderabad: Malakpet police seized 1 crore worth gold and silver articles from a logistics agency which was transporting them without valid documents on Thursday. During vehicle checking at Asmangadh, the Malakpet police intercepted a vehicle belonging to BVC Logistics. On checking, gold articles weighing 1.348 kg and silver articles of 1.074 kg worth around 1.02 crore were seized. They are handed over to the income tax department for further action, police said.

Insight:

Transporting valuable goods without proper documentation can lead to legal consequences, as seen in this case where the Malakpet police conducted a thorough inspection and seized the unauthorized shipment. Such instances highlight the importance of adhering to legal procedures and regulations while handling precious commodities.

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