DRI busts smuggling cartel; seizes ambergris worth ₹31.7 crore

  • Over the past two years, the DRI has intensified its efforts to combat such illicit activities, particularly along the country's coastal regions.

Livemint
Published20 May 2023, 04:03 PM IST
The anti-smuggling operation was carried out at the Tuticorin coast.
The anti-smuggling operation was carried out at the Tuticorin coast.

New Delhi: The Directorate of Revenue Intelligence (DRI) has bust a major smuggling cartel, intercepting a haul of 18.1 kg of ambergris valued at around 31.67 crore in the illicit market, an official statement said on Saturday.

The anti-smuggling operation was carried out at the Tuticorin coast. Ambergris, a byproduct of sperm whales, is illegal to possess, export, or transport in India as the marine mammal is protected under the Wildlife Protection Act. DRI seized the ambergris along with the vehicle used in the smuggling operation, the statement said

Acting on a tip-off that a gang would try to smuggle ambergris from India to Sri Lanka via sea, DRI officers, on the night of May 18, apprehended a vehicle carrying five individuals at Tuticorin. A search of the vehicle yielded 18.1 kg of ambergris concealed under the front seat, the statement said. The suspects, now in custody, confessed to their intention to smuggle, the statement said.

Over the past two years, the DRI has intensified its efforts to combat such illicit activities, particularly along the country's coastal regions. These efforts have resulted in the seizure of around 40.52 kg of ambergris, worth Rs. 54 crore in the international market, all of which was poised to be smuggled from the Tuticorin Coast.

Four people from Kerala and Tamil Nadu, alleged to be actively involved in this latest smuggling attempt, were arrested and have since been placed under judicial custody. Further investigation is under progress, DRI said.

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:20 May 2023, 04:03 PM IST
Business NewsNewsIndiaDRI busts smuggling cartel; seizes ambergris worth ₹31.7 crore

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Power Grid Corporation Of India share price

    338.70
    03:50 PM | 26 NOV 2024
    -4.15 (-1.21%)

    Adani Power share price

    437.75
    03:58 PM | 26 NOV 2024
    -9.1 (-2.04%)

    Bharat Electronics share price

    297.80
    03:54 PM | 26 NOV 2024
    5.35 (1.83%)

    GAIL India share price

    193.90
    03:54 PM | 26 NOV 2024
    -5.25 (-2.64%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Piramal Enterprises share price

    1,197.35
    03:47 PM | 26 NOV 2024
    89.55 (8.08%)

    Laurus Labs share price

    545.00
    03:29 PM | 26 NOV 2024
    12.85 (2.41%)

    Wipro share price

    589.05
    03:58 PM | 26 NOV 2024
    6.3 (1.08%)

    Federal Bank share price

    213.55
    03:51 PM | 26 NOV 2024
    0.55 (0.26%)
    More from 52 Week High

    Poly Medicure share price

    2,775.00
    03:29 PM | 26 NOV 2024
    -227.7 (-7.58%)

    Adani Green Energy share price

    899.40
    03:59 PM | 26 NOV 2024
    -68.25 (-7.05%)

    DCM Shriram share price

    1,160.00
    03:29 PM | 26 NOV 2024
    -67.3 (-5.48%)

    Fortis Healthcare share price

    664.60
    03:59 PM | 26 NOV 2024
    -36.15 (-5.16%)
    More from Top Losers

    Piramal Enterprises share price

    1,197.35
    03:47 PM | 26 NOV 2024
    89.55 (8.08%)

    Triveni Turbines share price

    824.30
    03:54 PM | 26 NOV 2024
    60.4 (7.91%)

    Capri Global Capital share price

    210.00
    03:29 PM | 26 NOV 2024
    15.35 (7.89%)

    Vodafone Idea share price

    7.53
    03:59 PM | 26 NOV 2024
    0.55 (7.88%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      78,555.00-1,090.00
      Chennai
      78,561.00-1,090.00
      Delhi
      78,713.00-1,090.00
      Kolkata
      78,565.00-1,090.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.92/L0.00
      Chennai
      100.90/L0.00
      Kolkata
      104.95/L0.00
      New Delhi
      94.77/L0.00

      Popular in News

        HomeMarketsPremiumInstant LoanMint Shorts