ED Confiscates ₹34 Crore Assets in Gold Smuggling Probe Involving Actress Ranya Rao
- July 5, 2025
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The Enforcement Directorate (ED) has confiscated assets valued at ₹34 crore in connection with a high-profile gold smuggling and money laundering investigation. These assets are linked to Kannada actress Ranya Rao and her associates. The operation is part of a broader crackdown on illegal financial activities, following searches at locations associated with Karnataka’s Home Minister, G Parameshwara. The investigation intensified after Ranya Rao reportedly claimed ties with the minister, prompting authorities to scrutinize her financial dealings and connections. The ED’s actions underscore its commitment to tackling financial crimes and ensuring accountability among public figures and their networks. This case highlights the ongoing efforts by Indian authorities to curb illicit trade and money laundering, which have significant implications for the country’s economy and governance. By targeting high-profile individuals, the ED aims to send a strong message about the consequences of engaging in illegal activities. The seizure of such substantial assets not only disrupts the operations of those involved but also serves as a deterrent to others who might consider similar actions. As the investigation progresses, further developments are anticipated, potentially involving more individuals and uncovering additional layers of the smuggling network. The case has attracted considerable public attention, reflecting widespread interest in how authorities handle corruption and financial misconduct at high levels.