Gold smuggling case: ED raids continue at premises linked to Home Minister G Parameshwara
Bengaluru (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.
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 Enforcement 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 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 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 designed 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.
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Illegally stored gas cylinders seized
Thane (PTI): Authorities have seized illegally stored 1,839 gas cylinders and seven vehicles worth over Rs 67 lakh in the Dombivli MIDC area of Thane district, officials said on Saturday.
A special vigilance team of the Mumbai Rationing Department detected an illegal storage of domestic and commercial LPG cylinders in Phase-2 of Dombivli (East).
Cylinders belonging to multiple gas agencies were found stockpiled in closed vehicles, unauthorised warehouses, and open sheds without mandatory permissions from the Explosives Department, Fire Department, or oil companies, according to an official release.
