Massive drug bust in Delhi: Cocaine worth ₹2,000 crore seized, second time in a week

Massive drug bust in Delhi: Police on Thursday seized cocaine worth 2,000 crore in Delhi. The drug bust came within a week after the police recovered 560 kilograms of cocaine and 40 kilograms of hydroponic marijuana from south Delhi

Livemint
Updated10 Oct 2024, 11:24 PM IST
 Cocaine worth  <span class='webrupee'>₹</span>2,000 crore was seized in Delhi.
Cocaine worth ₹2,000 crore was seized in Delhi. (AFP)

Massive drug bust in Delhi: Police seized 200 kilograms of cocaine worth 2,000 crore from West Delhi on Thursday. Notably, this is the second such incident in a week. The police raid is underway in the Ramesh Nagar area, and further details are awaited.

Also Read | 560 kg cocaine worth ₹2,000 cr seized as Delhi Police bust drug syndicate

Earlier, the Delhi Police had busted one of the biggest drug rackets after seizing 560 kilograms of cocaine and 40 kilograms of hydroponic marijuana, estimated to be worth around 5,620 crore.

The consignment of cocaine, consisting of 200 kg of drugs, was recovered from a closed shop in Ramesh Nagar, Delhi Police on Thursday said in a statement adding that its value may be as high as 2,000 crore in the international market.

Also Read | ₹5,600 cr drugs haul kingpin Tushar Goyal has a Congress link: BJP

The recent drug seizure is suspected to be linked with an earlier recovery of 562 kilograms, reported PTI citing officials.

Delhi's biggest-ever drug bust

The cocaine seized by the Delhi Police on 2 October is said to be one of the biggest-ever drug busts in the city. The police seized 560 kg of cocaine from south Delhi.

It required months of investigation, research and planning to bust the drug racket, which could have links to people in Dubai, Goa, and Delhi, reported Hindustan Times, citing an investigator associated with the probe.

Also Read | Old drug repurposed for Schizophrenia could reap Alzheimer’s windfall

The Delhi Police started its probe when it received information about multiple consignments of various products sent by a Dubai-based sender. The multiple consignments also included that of clothing and other apparel, were transported to Goa ports through different cargo ships.

After sending drugs in instalments in multiple consignments, the dealer attempted to send a bigger consignment to India. The kingpin of the drug network planned to send the 562 kg consignment of cocaine through one of the oldest cargo ships in Dubai, reported HT. But the police were keeping a track of the suspected members of the drug network and hence, were able to track the consignment and seize it from Mahipalpur godown.

 

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:10 Oct 2024, 11:24 PM IST
Business NewsNewsIndiaMassive drug bust in Delhi: Cocaine worth ₹2,000 crore seized, second time in a week

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Adani Power share price

    523.80
    03:59 PM | 27 NOV 2024
    86.05 (19.66%)

    Bharat Electronics share price

    307.25
    03:57 PM | 27 NOV 2024
    9.45 (3.17%)

    Indian Oil Corporation share price

    138.95
    03:59 PM | 27 NOV 2024
    1.95 (1.42%)

    Adani Ports & Special Economic Zone share price

    1,199.75
    03:52 PM | 27 NOV 2024
    70.95 (6.29%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Prestige Estates Projects share price

    1,630.55
    03:29 PM | 27 NOV 2024
    -75.15 (-4.41%)

    Rainbow Childrens Medicare share price

    1,580.05
    03:29 PM | 27 NOV 2024
    -63.95 (-3.89%)

    EPL share price

    264.90
    03:47 PM | 27 NOV 2024
    -8.75 (-3.2%)

    Fortis Healthcare share price

    645.35
    03:41 PM | 27 NOV 2024
    -19.25 (-2.9%)
    More from Top Losers

    Engineers India share price

    201.45
    03:55 PM | 27 NOV 2024
    17.45 (9.48%)

    Aster DM Healthcare share price

    478.45
    03:40 PM | 27 NOV 2024
    38.7 (8.8%)

    ADANI WILMAR share price

    314.90
    03:59 PM | 27 NOV 2024
    24.55 (8.46%)

    BHARAT DYNAMICS share price

    1,118.20
    03:52 PM | 27 NOV 2024
    85.95 (8.33%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      77,245.000.00
      Chennai
      77,251.000.00
      Delhi
      77,403.000.00
      Kolkata
      77,255.000.00

      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