REGULATORY · INDIA
India PMLA case: ED files prosecution complaint in Bengaluru gold-smuggling probe
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India’s Enforcement Directorate filed a PMLA prosecution complaint in Bengaluru against Harshavardini Ranya (Ranya Rao), Tarun Konduru and Sahil Sakariya Jain, and said it also issued a July 4, 2025 provisional attachment order for ₹34.12 crore of immovable properties linked to Ranya.
Why it matters
ED’s Headquarters Investigation Unit-II (New Delhi) filed the prosecution complaint before the Special Court for PMLA cases in Bengaluru against three accused in a gold-smuggling and money-laundering matter. ED states the probe was initiated off a CBI FIR dated March 7, 2025, following a DRI complaint, after 14.213 kg of foreign-origin gold (≈₹12.56 crore) was intercepted at Kempegowda International Airport on March 3, 2025. ED further reported subsequent recoveries of gold jewellery (≈₹2.06 crore) and cash (≈₹2.67 crore). Separately, DRI has filed a prosecution complaint under Section 135 of the Customs Act. ED also stated it provisionally attached immovable properties worth ₹34.12 crore in Ranya’s name via a Provisional Attachment Order dated July 4, 2025.
Implications
- • PMLA court process is now triggered for the named accused in Bengaluru.
- • ₹34.12 crore of immovable properties are under provisional attachment constraints.
- • ED’s quantified smuggling allegation (127.287 kg; ≈₹102.55 cr) is on record.
- • Parallel Customs Act prosecution (Sec 135) proceeds alongside the PMLA case.
Who is affected
- • Harshavardini Ranya (Ranya Rao), Tarun Konduru, Sahil Sakariya Jain
- • Owners/beneficiaries of the provisionally attached immovable properties
- • Gold import/smuggling enforcement targets facing PMLA + Customs Act actions
- • Financial intermediaries handling assets/transactions linked to the accused
Source
Topics
Law & Public Safety Regulatory Actions Compliance Criminal Justice