The gold bars weighing 100 gm each were hidden in a pouch under the driver's seat of a Honda City car which was intercepted near Uchipuli gate in Enmanamkondan.
Driver Mujibu Rehman, 31, has reportedly confessed that the consignment was smuggled from Sri Lanka through a fishing boat. He has been arrested and sent to judicial custody.
Recently Income Tax officials in Chennai seized 127 kilograms of gold bars from properties of sand mining baron and contractor Sekhar Reddy. 127 kg gold in one kg bars and Rs 96 crore in old currency and Rs 10 crore in Rs 2,000 notes have been seized by the investigators after the operation," top I-T department officials said, adding "this is an unprecedented amount that the tax department has seized in recent times".
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