Kannada film industry actress Ranya Rao’s name is in the news these days after it surfaced in a big gold smuggling case. There have been many shocking revelations in the charge sheet of the Enforcement Directorate (ED), which show how this entire network was being run in a planned manner. According to the investigation, Ranya Rao, along with his associates, had set up an organized business of gold smuggling worth crores of rupees.
The case began in March 2025 when the Directorate of Revenue Intelligence (DRI) arrested him at Bengaluru Airport with 14 kg of gold. The value of this gold was estimated to be around Rs 12.56 crore. Further investigation revealed that between March 2024 and March 2025, Ranya and her network smuggled more than 127 kg of gold into India, the total value of which is said to be more than Rs 100 crore.
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2 crore rupees were defrauded in Uganda
Investigation revealed that initially Ranya Rao and his associate Tarun Konduru Raju had planned to buy gold directly from African countries. For this, he formed a company named ‘Veera Diamonds Trading LLC’ in Dubai in 2023. After contacting a Ugandan agent, a trial of 5 kg and then a big deal of 50 kg was agreed upon. However, despite giving advance payment, he did not receive the gold. Later, more money was demanded, making it clear that it was a fraud. In this entire matter he had to suffer a loss of more than Rs 2 crore.
After failing in Africa, Ranya and her colleagues changed their strategy and started buying gold from ‘Deira Gold Souq’ in Dubai. Here gold was purchased in cash from dealers of African origin. After this, this gold was smuggled into India in different ways and sold in the local market.
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The racket was run through hawala and cash network
ED investigation has also revealed that the entire network was highly organized. This involved buying and selling of gold, bringing it into India illegally and then spending it through cash. The money earned was routed through hawala and banking channels to avoid detection by investigating agencies. So far, property worth Rs 34 crore has been seized in this case. Investigative agencies are busy searching for other people associated with this racket and more big revelations are expected in the coming time.
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