Ranya Rao Gold Smugggling Case: The Enforcement Directorate (ED) has investigated the alleged gold smuggling money laundering case against Kannada actress Ranya Rao and others. The raids on the premises associated with God on Wednesday (May 21) continued on Thursday (May 22). Sources said that raids are going on in Siddharth Engineering College, Siddharth Medical College and Siddharth College in the state. The ED also raided 16 places in the state under the Money Laundering Prevention Act (PMLA) on Wednesday.
The raids were carried out by targeting hawala operator and other operators who allegedly made fake financial transactions in Rao’s accounts. The investigating agency Ranya Rao (Ranya Rao) Taking cognizance on the complaint of the Central Bureau of Investigation (CBI) and Revenue Intelligence (DRI) in relation to the big gold smuggling gang in India, including the case of the case, a case was registered under the PMLA a few months ago. Sources in the directorate said that an educational trust suspects that he allegedly paid Rs 40 lakh for Rao’s credit card bill on the instructions of an influential person.
Rao was arrested on March 3 at Kemp Gauda International Airport in Bengaluru after coming from Dubai. The DRI officials took action on the basis of secret information and detained him and seized 14.2 kg gold rods, which cost more than Rs 12.56 crore.
Ranya Rao and co-accused Tarun Konduru Raju were granted bail on Tuesday by a special local court of economic crime cases in Bengaluru. The court approved the application for granting the statutory (default) bail of both the accused in view of failure to file a charge sheet by the Revenue Intelligence Directorate within the stipulated period.
Despite getting bail in the smuggling case, Ranya Rao will have to stay in the prison as the authorities have registered a separate case against him under the Forex Protection and Smuggling Activities Prevention Act, 1974.
This is a law that is designed to deal with smuggling and preserve foreign exchange reserves. Under this Act, on the basis of suspicion of involvement in activities thus, a person can be detained for a year without prosecution.
Arrest was done on 3 March
Ranya Rao was arrested at Bangalore Airport after coming from Dubai on March 3. DRI officials detained Rao on the basis of secret information and recovered 14.2 kg of gold biscuits worth Rs 12.56 crore from him. According to officials, the investigation of the case is still going on. Rao’s release will now depend on the result of the legal proceedings being taken under Cofeposa.
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