Members of Border Guard Bangladesh seized 17 gold bars weighing 1.98kg from Pachvulot border of Jashore's Sharsha upazila on Saturday.
Lt Col Tanveer Ahmed, commanding officer of BGB-21 battalion, said tipped off that gold was being smuggled to India, a team of BGB conducted a drive in Bottola area at noon.
Sensing the presence of the law enforcers, two smugglers riding on a motorcycle fled the scene leaving behind two bags and the BGB team recovered the gold bars worth Tk 1.5 crore from the bags, said Tanveer Ahmed.
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He said they are trying to arrest the two smugglers.
A case has been filed with Sharsha police in this regard, added the commanding officer.