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2d ago

ED Intensifies Raids on Karnataka Minister’s Institutions in Gold Smuggling Probe

The Enforcement Directorate is examining financial records tied to G Parameshwara's trust, focusing on Rs 40 lakh linked to actress Ranya Rao's credit card bill.

Karnataka home minister G Parameshwara.
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Shivakumar insisted the senior Congress leader was “clean and honest”.
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Overview

  • The ED has conducted raids at 16 locations, including educational institutions linked to Karnataka Home Minister G Parameshwara, as part of a money laundering investigation under the PMLA.
  • The probe centers on Rs 40 lakh allegedly diverted from the minister's trust to pay actress Ranya Rao's credit card bill, with no supporting documentation found.
  • Ranya Rao, arrested in March for smuggling 14.2 kg of gold worth Rs 12.56 crore, remains under investigation for her financial transactions and hawala dealings.
  • Congress leaders have condemned the raids as politically motivated, accusing the BJP of targeting Parameshwara, a prominent Dalit leader, for political gain.
  • Parameshwara has pledged full cooperation with the investigation while refraining from commenting on the allegations until the probe concludes.