PTI | | Posted by HT Information Desk
Could 22, 2025 11:47 AM IST
The ED is probing a gold smuggling racket, having searched 16 places and requested monetary data from a number of academic establishments.
Karnataka House Minister G Parameshwara on Thursday assured full cooperation with the Enforcement Directorate (ED) in its ongoing raids on the academic establishments linked to him, as a part of a cash laundering investigation associated to an alleged gold smuggling racket. The ED is probing alleged monetary irregularities and has searched 16 places within the state beneath the Prevention of Cash Laundering Act (PMLA), focusing on hawala operators and lodging entry operators who allegedly made ‘faux’ monetary transactions into accounts linked to gold smuggling accused and Kannada actress Ranya Rao.
Karnataka house minister G Parameshwara.
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In keeping with Parameshwara, ED officers visited three establishments and a college, together with Siddhartha Institute of Expertise and Siddhartha Medical School, in search of monetary data from the previous 5 years. He mentioned he has instructed his employees to cooperate and supply all crucial data to the ED. “As a person who believes in the law of the land, I am prepared to cooperate with whatever comes out of their verifications or searches,” he mentioned.
To a question on allegations that ₹40 lakh from his establishment’s account was used to pay Ranya Rao’s bank card invoice, Parameshwara declined to remark, saying he would reply after the investigation is full. He additionally shunned commenting on hypothesis that he was focused on account of his Dalit background, and mentioned he would handle it if crucial sooner or later. Rao was arrested on March 3 on the Kempegowda Worldwide Airport in Bengaluru after arriving from Dubai.
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Performing on a tip-off, DRI officers detained her and seized gold bars weighing 14.2 kg and valued at over ₹12.56 crore. Ranya and co-accused Tarun Kondaru Raju had been granted bail on Tuesday by a particular court docket for Financial Offences in Bengaluru in reference to the gold smuggling case. The court docket authorized their default bail purposes after the DRI did not file a chargesheet inside the stipulated interval. Ranya, nevertheless, will proceed to stay behind bars.
Information / Cities / Bengaluru / Will cooperate with ED in gold smuggling case, says Karnataka Minister Parameshwara
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