Live
- Complaint on depicting Cow in Bakrid poster
- With eye on Maha Assembly polls, Tatkare to launch statewide tour on Tuesday
- No link between NRI's assault and Kangana Ranaut slapgate: Himachal Police
- Shooting World Cup: Ganemat Sekhon finishes sixth in skeet in Lonato
- Mamata Banerjee has no respect for democratic setups: Ravi Shankar Prasad
- After Air India, its caterer apologises over sharp object found in passenger's food
- Foreign experts to help investigate Malawi's plane crash
- Union Home Minister reviews Manipur situation at a high-level meeting
- UN Security Council to debate on North Korea's cyber threats
- Union Minister takes 'khata-khat' jibe at ‘yuva neta’ over fuel price hike in Karnataka
Two gold traders held, 8.80 kg gold seized in Vijayawada
City Task Force personnel arrested two gold traders and seized 8.8 kg gold worth Rs 3.18 crore in Ibrahimpatnam Ring centre on Sunday.
Vijayawada: City Task Force personnel arrested two gold traders and seized 8.8 kg gold worth Rs 3.18 crore in Ibrahimpatnam Ring centre on Sunday. According to commissioner of police Dwaraka Tirumala Rao, two bullion traders, Jayesh Jain of Mumbai and Pagolu Srinivas of One Town, Vijayawada, purchase gold in Mumbai and bring to city to sell to jewellery traders.
However, the two traders do not pay taxes to the government as per the rules. On Sunday, a Task Force team took them into custody when the duo was moving in a suspicious manner in Ibrahimpatnam junction.
The police found 8.80 gold ornaments with the traders and confiscated it. The Task Force police informed the Income Tax and GST officials on arresting the two traders for illegal trading of gold. Ibrahimpatnam police are investigating the case.
