Gold Smuggling Case: The alleged movement of smuggled gold across multiple states has come under the Enforcement Directorate’s scrutiny, with investigators examining suspected links between couriers, hawala transactions and attempts to introduce the metal into the formal bullion market. According to a report published by NDTV, the ED has now provisionally attached a substantial gold consignment in the case.

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ED Attaches Gold Worth More Than 54 Crore Rupees

The Enforcement Directorate’s Guwahati Zonal Office has provisionally attached 37.064 kg of gold, valued at more than 54 crore rupees, under the Prevention of Money Laundering Act (PMLA), 2002.

The action relates to a money-laundering investigation involving Akshay Parshuram Bansode and other unidentified persons. The gold consists of 29 large gold bars and 50 smaller gold pieces, along with around 13 grams of silver-coloured metal flakes.

The gold was initially seized by Assam Police on June 30 from Bansode at Kharghuli Hatisil in Guwahati. It is currently held by the Kamrup Metro Treasury in Guwahati.

NDTV reported that Assam Police described the seizure as the biggest gold seizure in its history, recovering 37.064 kg of suspected smuggled gold worth over 54 crore rupees.

How the Gold Smuggling Investigation Began

The ED launched its PMLA investigation based on a case registered at Latasil Police Station in Kamrup Metro district.

The underlying police case concerns alleged organised transportation and concealment of smuggled gold along with an alleged criminal conspiracy.

According to the ED’s investigation, Bansode allegedly transported gold between different parts of India for several years. Investigators allege that he operated on instructions from an unidentified person who controlled a larger courier network.

Coded System Allegedly Used to Move Gold

The agency’s investigation has indicated that the alleged syndicate used a coded identification system to coordinate its couriers.

Bansode allegedly received a fixed monthly payment for transporting the gold, according to the ED’s findings.

The investigation is continuing to determine the identities of other people allegedly connected with the network and their respective roles in the movement of the gold.

Gold Allegedly Smuggled Through Myanmar and UAE

The ED has alleged that the gold entered India through routes connected with Myanmar and the UAE.

Investigators are also examining the financial trail associated with the alleged transactions. According to the agency, payments linked to the movement of the gold were allegedly routed through hawala channels.

This financial trail forms an important part of the money-laundering investigation.

Fake Invoices Allegedly Used to Give Gold a Legitimate Appearance

The investigation has also moved beyond the transportation of the gold to how the metal was allegedly intended to enter the formal bullion market.

According to the ED, invoices were generated by certain traders associated with a bullion refining company. Investigators allege that these documents were intended to give the allegedly smuggled gold the appearance of legitimate bullion.

A separate person also claimed ownership of the seized gold and attempted to establish ownership using invoices presented as sale documents.

Court Rejects Claim Over Seized Gold

The ownership claim was examined during the investigation, but the jurisdictional court reportedly found the invoices to be prima facie fabricated.

The court subsequently rejected the application seeking release of the seized gold.

Investigators also found that neither Bansode, from whose possession the gold was recovered, nor the person claiming ownership was able to produce adequate documentation establishing lawful acquisition.

Customs and Import Documents Could Not Be Produced

According to the ED, the parties involved were unable to provide documents that could establish that the gold had been legally imported into India.

These reportedly included:

• Customs clearance certificates
• Import documentation
• Other records showing lawful acquisition
• Documents establishing the legitimate source of the gold

The absence of such records is being examined as part of the wider money-laundering investigation.

Investigation Into Wider Gold Smuggling Network Continues

The ED’s probe is still underway as investigators attempt to establish the full network allegedly involved in the smuggling, transportation and attempted introduction of the gold into India’s formal bullion trade.

The investigation is also examining the alleged financial channels and the individuals and businesses potentially connected to the transactions.

The case follows the earlier Assam Police seizure in June, when authorities said the operation had uncovered suspected links to a larger organised network extending beyond Assam. NDTV reported at the time that investigators were examining possible connections involving Mumbai, Delhi, Kolkata and Bengaluru.

Key Details of Assam Gold Smuggling Case

• Gold attached: 37.064 kg
• Estimated value: More than 54 crore rupees
• Large gold bars: 29
• Smaller gold pieces: 50
• Silver-coloured metal flakes: Around 13 grams
• Main agency: Enforcement Directorate
• Legal provision: Prevention of Money Laundering Act, 2002
• Initial seizure: June 30, 2026
• Location of seizure: Kharghuli Hatisil, Guwahati

FAQ’s

1. How much gold has the ED attached in the Assam smuggling case?

The Enforcement Directorate has provisionally attached 37.064 kg of gold, valued at more than 54 crore rupees, under the Prevention of Money Laundering Act in connection with its investigation.

2. Who is named in the Assam gold smuggling investigation?

The case involves Akshay Parshuram Bansode and other unidentified persons. Bansode was the person from whose possession Assam Police initially seized the gold in Guwahati.

3. Where was the gold originally seized?

Assam Police seized the gold on June 30, 2026, from Bansode at Kharghuli Hatisil in Guwahati. NDTV reported that the seizure was the largest gold seizure in Assam Police’s history.

4. What routes and financial channels are being investigated?

The ED has alleged that the gold was smuggled into India through routes involving Myanmar and the UAE, while payments connected with the alleged transactions were routed through hawala channels.

5. What happened to the claim of ownership over the seized gold?

A separate claimant attempted to establish ownership using invoices presented as sale documents. However, the jurisdictional court reportedly found the invoices prima facie fabricated and rejected the application seeking release of the gold. The ED is continuing its investigation into the wider network.

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