Gold smuggling case: ED raids continue at premises linked to Karnataka Home Minister

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..... Gold smuggling case: ED raids continue at premises linked to Karnataka Home Minister
PTI News
Dated:- 22-5-2025
PTI
Bengaluru, May 22 (PTI) The ED on Thursday continued its searches at places linked to Karnataka Home Minister G Parameshwara as part of the probe into alleged gold smuggling-linked money laundering case against Kannada actress Ranya Rao and others, official sources said. .....

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..... According to sources, searches continued in Siddhartha Engineering College, Siddhartha Medical College and Siddhartha College in the state. The ED sleuths on Wednesday raided 16 locations in the state under the Prevention of Money Laundering Act (PMLA) targeting hawala operators and accommodation entry operators who allegedly made "fake" financial transactions into Rao's accounts. The Enforc .....

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..... ement Directorate filed a PMLA case a few months ago after taking cognisance of a CBI and DRI (Directorate of Revenue Intelligence) complaint into a larger gold smuggling racket in India, including the case of Rao. The ED sources said 'an educational trust' is suspected to have 'diverted' funds and made a payment of Rs 40 lakh towards the credit card bill of Rao, allegedly on the instructions of .....

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..... an influential individual. Rao was arrested on March 3 at the Kempegowda International Airport in Bengaluru after arriving from Dubai. Acting on a tip-off, DRI officials detained her and seized gold bars weighing 14.2 kg and valued at over Rs 12.56 crore. Rao and co-accused Tarun Kondaru Raju were granted bail on Tuesday by a special court for Economic Offences in Bengaluru in connection with .....

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..... the gold smuggling case. The court approved their default bail applications after the DRI failed to file a chargesheet within the stipulated period. Rao, however, will continue to remain behind bars. Authorities have filed a separate case against her under the stringent Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (COFEPOSA), a preventive detention law des .....

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..... igned to tackle smuggling and preserve foreign exchange reserves. Under COFEPOSA, individuals can be held without trial for up to a year based on suspicion of involvement in such activities. PTI GMS ROH
News - Press release - PIB .....

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