Overview

• The attachment covers a house and plot in Bengaluru’s Victoria and Arkavathi Layouts, industrial land in Tumkur, and agricultural land in Anekal Taluk.
• The PMLA action follows a CBI FIR filed on March 7 after DRI arrested Rao at Kempegowda Airport with 14.2 kg of gold valued at over ₹12.56 crore on March 3.
• Investigators have quantified total illicit proceeds at ₹55.62 crore, including ₹38.32 crore traced through foreign invoices, customs records, and hawala remittances.
• Evidence shows the smuggling network used false customs declarations in Dubai, dual travel documents, and cash hawala channels to transport gold from overseas suppliers.
• The probe now prioritizes identifying syndicate collaborators, tracing undisclosed assets, and scrutinizing potential facilitation by public servants at the airport.