Gold in Bhutan
Gold. Image credit - BBS

Police at Paro in Bhutan are investigating into a case of gold smuggling where there has been involvement of a 48-year-old suspect from Tsento.

The case is likely to be forwarded to the court soon.

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A report published on Tuesday by BBS stated that the man was arrested from Drukgyal on October 30 following a tip off.

The police had recovered 43 kilograms of gold from the possession of the man during the time of arrest.

The gold was found from the Prado of the man, the report said.

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The police suspect that the man bought the gold from Tibet and was meant to be handed over to smugglers somewhere in India and Nepal.

According to report, five Bhutanese nationals were arrested by the Directorate of Revenue Intelligence
(DRI) on November 31, 2018 at New Delhi Railway Station with 20 kg of smuggled gold
valued Rs 6 crore.

This was not the first time that Bhutanese nationals have been caught, by an Indian agency, engaged in smuggling.

Just in the third week of October last, in multiple operations, the DRI had seized 100 kg gold bars worth over Rs 32 crore and arrested seven persons, including a Bhutanese national.

“There has been a spurt in the number of seizures by DRI of gold being smuggled into India from China, and Bhutan via the land border. Such smuggling of gold into India is expected to peak during the festive season due to increased domestic demand and high differential between the price of gold in India and the
source countries,” a TOI report quoted a senior DRI official as saying.