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Two employees of India's Jindal Steel and Power were arrested on Friday and equipment confiscated in Bolivia, after the company abandoned its $2.1 billion El-Mutun iron ore project five days ago.

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As per estimates, the gold smuggling in India is estimated to be around INT 10,000 crore per year. Between April last year and March 2018, the Customs Department and DRI together seized 3.1 tons of smuggled gold, valued at around INR 1,000 crores.

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