Kolkata: BSF seize gold biscuits smuggled across International Border from Bangladesh to India   |  Photo Credit: ANI
Gold biscuits being smuggled across the International Border (IB) have been reportedly seized by the Border Security Force (BSF) on Tuesday. The gold biscuits were being smuggled from Bangladesh to India in Nadia’s Tehatta. The price of the gold biscuits seized by the Border Security Force is valued at over Rs 28 lakh.
As many as six gold biscuits were hidden in the shoes worn by the Indian farmer. The Indian farmer had crossed the International Border Fence (IBF) to prepare his land which comes within 150 yards of the zero line. The price of gold in Bangladesh is less than in India. Thus, the smuggler was eyeing massive profits by selling the smuggled gold biscuits.
According to a report filed by the TimesofIndia, it has been learned that smugglers would have secured a profit of over Rs 2,00,000 by selling the gold in India. Ten grams of 24-carat gold is priced at Rs 40,000 in Bangladesh. The same value costs nearly Rs 44,000 in India. Thus, the 600 grams of gold seized from the smuggler would have helped him in getting a profit of Rs 2,40,000 in India.
The report added that the same seller would have made Rs 1.8-2.0 lakh worth of a profit if the gold was sold in the black market. “What bothers us is where these proceeds from smuggled gold go. There have been several instances in the past where the gold has been handed over to terror outfits for a small fee,” an official in an intelligence agency was quoted as saying.
“The proceeds are then used by the terror outfits. It has happened in Kashmir as well. This is an easy way to send funds to such outfits. Smaller consignments are difficult to detect. Ultimately, terrorists may end up with hundreds of such consignments that would provide them enough funds to carry out a major strike on Indian soil,” the official added.