More than 100 kg of gold and over ₹2 crore in cash was recovered from a flat in Paldi on Monday. Gujarat Anti-Terrorism Squad and the Department of Revenue Intelligence in Ahmedabad raided the flat. As per tip-off from people residing at Avishkar flat of Paldi area, ATS and DRI conducted raid at the flat around 3 PM.
The flat owned to Kalyani Sheth of Kalol. It was rented out to stock market operators Mahendra Shah and his son Megh Shah. As per the neighbours, the flat was closed and suspicious people kept visiting the place at night.
As per the preliminary estimate when counting began: around 95.5 kg of gold jewellery and gold biscuits recovered and cash amounting to ₹70 lakh was also recovered. The raids were continuing and ATS sources said that the haul is going to increase.
