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6h ago

DRI Orders Ranya Rao to Pay Rs 102.55 Crore in 127 Kg Gold Smuggling Case

Served inside Bengaluru Central Jail, the notices escalate the case by pairing thousands of pages of evidence with a warning that assets may be attached for non-payment.

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Overview

  • Directorate of Revenue Intelligence officials delivered show-cause penalty notices in jail directing actor Ranya Rao to pay Rs 102.55 crore.
  • Co-accused were also penalized: Tarun Konduru Raju Rs 62 crore, and jewellers Sahil Sakaria Jain and Bharat Kumar Jain Rs 53 crore each.
  • Each accused received a 250-page notice with a 2,500-page annexure, with officials saying about 11,000 pages were served in total.
  • Authorities said recovery will be fast-tracked, warned of property attachment if dues are unpaid, and indicated prosecutions under the Customs Act will follow.
  • The Karnataka High Court adjourned a COFEPOSA matter to September 11, and the case traces back to Rao’s March 3 airport arrest, with investigators alleging a 127.3 kg smuggling network and the ED outlining cross-border sourcing and hawala payments.