Rs 2.27 cr racket involving overvalued diamonds busted by DRI

Mumbai | Thursday | 16th August, 2018

Summary:

The six import consignments of these companies were declared to have a value of Rs 36 crore. The same import consignments on being revalued with Trade Advisory Expert Valuers of PCCCC, we found to have the value of only Rs 2.27 crore," said a DRI source. Directorate of Revenue Intelligence (DRI) officials on Tuesday arrested a 35-year-old Bhayander resident in connection with an alleged overvaluation of import of rough diamond case. "My client is innocent and he has been made scapegoat by the agency," said Patel's defence advocate Ravi Hirani..CONFESSIONS The arrested person has been identified as Chirag Patel..