Fraud worth ₹150 cr unearthed in Noida gold jewellery unit
The Directorate of Revenue Intelligence (DRI) unearthed an alleged fraud worth ₹150 crore on Monday in a gold jewellery manufacturing unit in Noida, Delhi NCR and arrested its owner. The purpose of the alleged fraud was to divert or smuggle high priority gold imported from Dubai into the domestic market by evading 10% basic customs duty, reports said. 