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ED Attaches Rs 54 Crore Smuggled Gold in PMLA Probe
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News18•23-09-2026, 18:00
ED Attaches Rs 54 Crore Smuggled Gold in PMLA Probe
- •The Enforcement Directorate (ED) attached gold bars worth Rs 54 crore, seized during anti-smuggling operations in Assam, under the anti-money laundering law.
- •The gold was seized in June from Akshay Parshuram Bansode in Guwahati by Assam Police and is currently held at the Kamrup Metro Treasury.
- •The probe focuses on organized illegal transportation and concealment of smuggled gold from the UAE and Myanmar, linked to a criminal conspiracy.
- •Bansode allegedly transported gold across India for years, working for an unidentified syndicate using a coded identification system for a fixed monthly remuneration.
- •The seized gold was reportedly smuggled via Myanmar and the UAE, with payments routed through hawala channels, and intended for introduction into the formal bullion trade using invoices from traders linked to a refining company.
Key Questions Answered
The Enforcement Directorate attached 37.06 kg of smuggled gold, consisting of 29 big bars and 50 small pieces along with silver-coloured metal flakes, with an estimated value of Rs 54 crore.
The Assam Police originally seized the smuggled gold from Akshay Parshuram Bansode at Kharghuli Hatisil in Guwahati back in June.
According to the ED, Bansode transported the gold across India for several years on the instructions of an unidentified syndicate controller, using a coded identification system and hawala payment channels in exchange for a fixed monthly remuneration.
