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Maharashtra: Man held with Rs 5 crore ambergris in Thane

Acting on a tip, a crime unit team maintained a vigil in the Rabodi area on Monday and apprehended the 53-year-old man on the basis of suspicion, senior police inspector Sachin Gaikwad said

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Representational Image

Representational Image

An official on Wednesday said that the police have arrested a man after seizing ambergris, or whale vomit, valued at Rs 5 crore from his possession in Maharashtra's Thane district, reported news PTI.

Ambergris is a waxy substance produced in the digestive system of sperm whales and its trade is illegal. It is often called "floating gold" due to the immense price it fetches in the international markets for its use in luxury perfumes.

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