DRI seizes mephedrone worth Rs 50 crore during raids on labs in Hyderabad
The Directorate of Revenue Intelligence (DRI) on Monday said it has busted two clandestine drug manufacturing labs here and seized around 25 kg of mephedrone worth around Rs 50 crore.
The agency, in a release, said it neutralised the entire network by arresting seven persons besides the mastermind and financier.
Acting on the basis of specific intelligence inputs, DRI began a well-coordinated operation on December 21, and busted the two clandestine labs, it said.
A total of 24.885 kg of mephedrone in finished form, valued at Rs 49.77 crore in the grey market, along with in-process materials, sale proceeds of Rs 18.90 lakh, key raw materials, machinery and vehicles used for trafficking, was seized during raids on the two labs, it said.
Seven persons carrying out the manufacturing in these two locations were arrested and remanded to judicial custody.
The DRI further said the mastermind and main financier of this activity was caught hold in Gorakhpur (Uttar Pradesh), as he was attemp