ED provisionally attaches ₹34.12 crore worth properties of Ranya Rao in gold smuggling case
The Directorate of Enforcement (ED) has provisionally attached immovable properties valued at ₹34.12 crore of Ranya Rao in the gold smuggling case.
In a statement issued on Friday, the ED said the attachments have been made as “property equivalent in value to the untraced proceeds of crime identified during the course of investigation” under the Prevention of Money Laundering Act (PMLA), 2002.
Ranya Rao was allegedly caught red-handed by Directorate of Revenue Intelligence (DRI) sleuths while trying to smuggle 14.12 kg of 24-carat foreign-origin gold valued at ₹12.56 crore at Kempegowda International Airport (KIA) on March 3. Following this, the Central Bureau of Investigation, ED, Income Tax and Customs have joined the probe. Raids by ED and CBI on Ranya Rao’s residence had allegedly led to seizure of ₹2.67 crore in unaccounted cash and gold jewellery worth ₹2.06 crore.
Ranya Rao case: A minefield of gold blows upED provisionally attaches â¹34.12 crore worth of Ranya Rao's properties in gold smuggling case under PMLA, revealing intricate smuggling operation. | Source: The Hindu
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