Kannada film actor Ranya Rao (33) was arrested by the Directorate of Revenue Intelligence (DRI) while trying to smuggle 14.8 kg of gold, worth over ₹ 12 crore from Dubai, at Kempegowda International Airport on March 2, 2025.
| Photo Credit: Ranya Rao/Faceboook
The Karnataka Industrial Area Development Board (KIADB) has said that Kannada actor Ranya Rao, who was recently arrested for smuggling gold from Dubai, was allotted land to set up a steel plant by the previous BJP government in February 2023.
The board was reacting to reports that a company linked to the actor was allotted 12 acres of industrial land by the KIADB in 2023. Sensing that the case was taking a political turn, the office of Minister for Medium and Large Industries M B Patil shared the government’s final notification issued on February 22, 2023, regarding the allocation of land to Ranya’s firm Ksiroda India at the Sira Industrial Area in the Tumakuru district.
The Congress came to power after defeating the BJP in the Karnataka Assembly polls in May 2023.
The proceedings of the Karnataka government, shared by the minister’s office, said, “Approval to the proposal of M/s Ksiroda India Private Limited to establish a unit for manufacture of ‘steel products – TMT bars, rods and allied products’ at Sira Industrial Area, Tumakuru district.
“The government is pleased to accord in-principle approval to the investment proposal of ₹138 crore, generating employment to about 160 persons with the following infrastructure assistances, incentives and concessions,” it said.
In a press release issued by Patil’s office, the KIADB said the allotment to the company linked to Rao was done in January 2023.
KIADB CEO Mahesh said on Sunday (March 10, 2025) that Ksiroda India was allotted 12 acres of land on January 2, 2023, by the previous government, referring to the BJP.
“The land, located in Sira Industrial Area, Tumakuru district, was approved for allotment during the 137th State Level Single Window Clearance Committee (SLSWCC) meeting held on the same day, when the last govt was in power,” Mahesh said.
Proposal to set manufacturing unit
According to the KIADB press release, the company had submitted a proposal to set up a manufacturing unit for steel TMT bars, rods, and allied products, with an investment of ₹138 crore. The project was expected to generate approximately 160 jobs.
Gold bars worth ₹12.56 crore were seized from Ranya at the Kempegowda International Airport, following which searches were conducted at her residence, and gold jewellery worth ₹2.06 crore and Indian currency amounting to ₹2.67 crore were also seized, Directorate of Revenue Intelligence had said on Wednesday.
Ranya is the stepdaughter of senior IPS officer Ramachandra Rao. The DGP-rank officer is currently serving as the chairman and managing director of the Karnataka State Police Housing and Infrastructure Development Corporation Ltd.
The total seizure in the case stood at ₹17.29 crore, including assets worth ₹4.73 crore, marking a significant blow to organised gold smuggling networks.
Published – March 10, 2025 11:50 am IST