Does the increase in gold smuggling in India and Malabar Gold have any connection? A few days ago, DRI raided the jeweller’s main office after one smuggler confessed of selling the yellow metal to Malabar Gold
Moneylife Digital Team
Malabar Gold and Diamonds, the rapidly expanding jewellery chain from Kerala was raided by officials of the Directorate of Revenue Intelligence (DRI) at Kozhikode. According to a report from The Hindu, Malabar Gold's main office was raided following a statement given by one of the accused involved in the smuggling of gold from Gulf that he had sold gold to the jewellery group.
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