This seizure had been by the Directorate of Revenue Intelligence (DRI) who had claimed at the time that it had managed to bust a major attempt to smuggle gold worth Rs 14 crore into the country. The so-called gold had been seized from two persons who had been put up in a hotel located on Ashram road and they had been sent to judicial custody.
It gold has turned out to be lead bars with a coating of copper and the 52 bars, each thought to be 1 kg gold, weighed less and have no gold in them but were made of lead and copper.
The discrepancy came to light when DRI had sent the bars to FSL to determine the purity of the 'gold' and the feedback came that the bars are not made of gold but of lead with a coating of copper.
(Image courtesy wikimediacommons.org)
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