Latest news with #DirectorateofRevenueIntelligence
Hans India
14 hours ago
- Business
- Hans India
Gold smuggling case: No bail to Ranya Rao for one year; COFEPOSA rap upheld
Bengaluru: The Advisory Board under the Directorate of Revenue Intelligence (DRI) has upheld the invocation of the Conservation of Foreign Exchange and Prevention of Smuggling Activities (COFEPOSA) Act against jailed Kannada actress Ranya Rao. The board on Thursday also issued directions not to allow the filing of a bail petition by jailed actress Ranya Rao for one year from the date of her arrest as per the provisions of the COFEPOSA Act. The Advisory Board directed the DRI that no bail application should be filed on behalf of Ranya. Following this directive, the DRI conveyed the information to the jail authorities. Earlier, Ranya Rao was granted bail by a special court. However, since the case was registered under a special law, she was not released. The Central Economic Intelligence Bureau (CEIB), a nodal agency under the Ministry of Finance, invoked the COFEPOSA Act against the actress and other accused in the gold smuggling case, based on a recommendation by the Directorate of Revenue Intelligence (DRI), which is investigating the gold smuggling case. As per the provisions of the COFEPOSA Act, she will have to remain in custody for up to one year. On May 20, the Special Court for Economic Offences granted conditional bail to Ranya Rao. The court also granted bail to the second accused, Tarun Raju. She had hoped to secure bail and, after her mother had challenged the invocation of the COFEPOSA Act in court. The accused had sought bail on the grounds that the Directorate of Revenue Intelligence (DRI) had failed to submit the charge sheet within 60 days. Taking this into consideration, the court had granted bail. Taking cognisance of the development, the Advisory Board, the statutory body within the DRI, looked into the matter and upheld the invoking of the Special Act against Ranya Rao. Ranya Rao was arrested on March 3 in connection with a gold smuggling case and has been in jail for the past four months.
Time of India
14 hours ago
- Time of India
Ranya Rao jailed for gold smuggling under COFEPOSA; no bail for Kannada actor
Kannada film actress Ranya Rao has been sentenced to one year in prison under the stringent COFEPOSA Act in connection with a gold smuggling case. The Advisory Board overseeing the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act (COFEPOSA) recently ruled that she will not be eligible for bail throughout the duration of her detention. Previously, on May 20, a city court had granted default bail to both Ranya and her co-accused Tarun Raju, after the Directorate of Revenue Intelligence (DRI) failed to file a chargesheet within the required timeframe. Explore courses from Top Institutes in Select a Course Category MBA MCA Public Policy Management Data Science others Operations Management healthcare Technology Project Management CXO Leadership Cybersecurity Healthcare Product Management Data Analytics Degree Others Finance PGDM Artificial Intelligence Data Science Digital Marketing Design Thinking Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details However, despite the bail being sanctioned on a bond of ₹2 lakh along with surety conditions, both remained in custody due to a preventive detention order under COFEPOSA, which allows for detention of up to a year without formal charges, solely based on suspicion of smuggling. The case dates back to March, when Ranya arrived from Dubai and attempted to pass through the green channel at Kempegowda International Airport, which is designated for passengers with no dutiable goods. Her nervous demeanor raised suspicion among DRI officials, prompting a thorough search conducted by female officers. During the search, authorities recovered 14.2 kilograms of gold worth approximately ₹12.56 crore. She was taken into custody immediately. Live Events Ranya's prior attempts to secure bail were rejected multiple times—twice by local courts and later by the Karnataka High Court. [Inputs from PTI]
Time of India
a day ago
- Time of India
DRI seeks custody of Brazilian couple
Kochi: Directorate of Revenue Intelligence (DRI) will seek custody of the two Brazilian nationals for interrogation to uncover the source and destination of the contraband worth crores. The case involves a couple from Brazil, intercepted at Kochi airport by DRI officials on July 11. The DRI admitted them to a private hospital in Angamaly with the court's permission after finding evidence that they swallowed cocaine capsules. The contraband was entirely retrieved by Tuesday through medical procedures at the hospital. A total of 163 capsules containing about 1.6kg of cocaine worth Rs 16 crore were seized from the couple. Lucas da Silva and Bruna Gabrielle were arrested by the DRI. Sources said the woman was found to be pregnant in the scan, and it was an extremely risky operation since if any of the cocaine bags ruptured, it could have led to death of mother and child. However, officials said the contraband was safely retrieved and both of them are healthy. They remain in judicial custody and the DRI will soon seek their custody for further questioning and evidence collection. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Franklin India NFO Investment Franklin Templeton India AMC Learn More Undo Sources said the duo were carriers who arrived in the state claiming to be on honeymoon. They were being paid about Rs 3 lakh to smuggle the contraband, the destination of which remains unclear. Although the usual destinations for such contraband are Mumbai or Delhi, officials said a detailed investigation is ongoing. The couple claim they had no knowledge of the destination and their instruction was to check into a hotel and wait for further instructions, sources said.
Time of India
a day ago
- Time of India
Cofeposa upheld, no bail to Kannada actor Ranya Rao for one year
Bengaluru: The advisory board under the Directorate of Revenue Intelligence (DRI) has upheld the invocation of Conservation of Foreign Exchange and Prevention of Smuggling Activities (Cofeposa) Act against jailed Kannada actor Ranya Rao . The board Thursday issued directions not to allow Ranya to file a bail petition for one year from the date of her arrest as per provisions of Cofeposa Act. Following the directive, DRI conveyed the information to jail authorities. Earlier, Rao was granted bail by a special court. However, since the case was registered under a special law, she was not released from prison. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru Central Economic Intelligence Bureau (CEIB), a nodal agency under the ministry of finance, had invoked Cofeposa Act against the actor and other accused in the gold smuggling case, based on DRI's recommendation. As per the provisions of Cofeposa Act, she will have to remain in custody for up to one year. On May 20, the special court for economic offences granted conditional bail to Ranya and to second accused Tarun Raju. She had sought bail on grounds that DRI failed to submit a chargesheet within 60 days. Taking this into consideration, the court had granted bail. Taking cognisance of the development, the advisory board looked into the matter and upheld invoking of Special Act against Ranya. The actor was arrested on March 3 in connection with a gold smuggling case and has been in jail for the past four months. — IANS
India.com
a day ago
- India.com
Who is Ranya Rao? Actress sent to jail for 1 year due to...
In a latest development, the three suspects, including Kannada actor Ranya Rao, have been jailed for 1 year in the infamous gold smuggling case. The decision came under the provision of the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (COFEPOSA). The advisory board under Section 8 of the Act has recommended that the provisions continue to apply to Harshavardini Ranya alias Ranya Rao, Tarun Konduru Raju alias Virat Konduru, and Sahil Sakariya Jain, a top source in the Directorate of Revenue Intelligence (DRI) confirmed to DH on Thursday. 'This essentially means that Ranya and the other two suspects will remain in prison for at least a year, despite the lower court granting the two of them bail,' the well-placed source said. 'The board came to the decision, keeping in mind the evidence against the suspects, and communicated it to the investigators on Thursday.'
