Srinagar, Sep 9
Directorate of Enforcement (ED), Srinagar Zonal Office has conducted searches under the provisions of Foreign Exchange Management Act, 1999 (FEMA) at five locations in Delhi-NCR and one location in Ladakh at the residential and business premises in the matter of seizure of 108 Kg foreign origin gold by ITBP, resulting in recovery of incriminating documents.
transportation of the smuggled foreign-origin gold bars from Ladakh to Delhi for its further disposal,” it said.
The agency pointed out that one Tenzin Khandap, a resident of Tibet, was the designated recipient of the foreign-origin gold from Bhu-Chum-Chum and was tasked with transporting the said gold up to the Indo-China border and handing over the same to Indian Porters on the Chinese side of the border.
“It has further emerged that on the instructions of Tendu Tashi, one Tenzin Samphel (uncle of Tenzin Khandap) recruited two porters to collect the 108 kg FO gold from China,” it said.
The central investigating agency said that further investigation into the case is underway.