The Directorate of Revenue Intelligence (DRI) has made another breakthrough in the high-profile gold smuggling case involving Kannada actress Ranya Rao. On March 26, 2025, Sahil Sakariya Jain, a gold dealer from Ballari, was arrested for allegedly assisting Ranya Rao in selling smuggled gold and sharing the proceeds. This marks the third arrest in the ongoing investigation, which has sent shockwaves through Karnataka’s business and entertainment circles.
In This Article:
The Arrest and Allegations
Sahil Jain was summoned by the DRI for questioning in connection with the smuggling case. Following hours of interrogation, authorities arrested him for violating the Customs Act, 1962. He was presented before the Special Court for Economic Offences and was subsequently remanded into police custody.
According to DRI officials, Jain played a crucial role in helping Ranya Rao dispose of multiple consignments of smuggled gold. Evidence suggests he had been collaborating with the actress for an extended period, facilitating transactions and laundering proceeds through unregulated channels. Investigators believe his involvement extended beyond a single incident, pointing to a well-organized network with deep ties to illicit gold trade.
Background of the Case
Ranya Rao was arrested on March 3, 2025, at Kempegowda International Airport (KIA) after being caught with 14.2 kg of undeclared gold. Initially claiming to be a mule forced to transport the gold, she later became the focal point of a larger investigation into organized gold smuggling. Alongside her, Tarun Raju, a business associate, has also been implicated in the case.
Documents submitted to the court reveal that Ranya Rao and Tarun Raju established Vira Diamonds Trading LLC in Dubai in 2023. While the firm claimed to import gold from Geneva and Bangkok for sale in Dubai, authorities allege it was merely a front for smuggling operations into India. This revelation has intensified scrutiny over the financial and logistical networks involved in the illicit gold trade.
The Expanding Investigation
Following Ranya Rao’s arrest, the DRI conducted multiple raids across Bengaluru, including two major jewelry stores suspected of dealing in smuggled gold. Additionally, the Directorate of Enforcement (ED) is probing a gold loan company believed to have played a role in laundering illegal funds.
Authorities remain skeptical of Ranya Rao’s defense that she was coerced into carrying the gold. The emerging evidence suggests that she had an active role in the smuggling operation, raising concerns about the involvement of other high-profile individuals. The investigation is now focused on uncovering the full extent of the network and identifying additional accomplices.
Legal Proceedings and Bail Appeals
Both Ranya Rao and Tarun Raju have been denied bail and are currently lodged in Parappana Agrahara Central Prison under judicial custody. While Tarun Raju claims he exited Vira Diamonds in December 2024, his bail plea was rejected due to insufficient evidence supporting his withdrawal from the alleged smuggling ring.
Ranya Rao has maintained her innocence, stating that she has been framed. However, with mounting evidence against her, including bank records, phone conversations, and witness testimonies, the legal battle ahead remains uncertain. The Sessions Court is expected to pronounce a ruling on her bail appeal on March 28, 2025.
Implications for the Gold Trade and Enforcement Agencies
This case has exposed critical vulnerabilities in India’s gold import regulations and enforcement mechanisms. Smuggling remains rampant due to high import duties, making illegal channels lucrative for traders looking to bypass taxation. Authorities have acknowledged the need for stricter regulations, enhanced surveillance at airports, and better coordination between investigative agencies.
The arrest of Sahil Jain underscores the complicity of established gold traders in illicit activities. It also raises questions about the extent to which organized crime has infiltrated the gold industry. If found guilty, those involved could face severe legal consequences, including long-term imprisonment and hefty fines.
Public and Industry Reaction
The case has garnered widespread media attention, with many in the film and jewelry industries expressing shock. Gold traders in Ballari and Bengaluru have distanced themselves from Jain, emphasizing that his actions do not reflect the industry as a whole.
Meanwhile, legal experts have pointed out that this case could set a precedent for harsher penalties against gold smugglers. With the ED and DRI working in tandem, more arrests could follow as the investigation deepens.
The arrest of Sahil Jain marks a significant milestone in the unraveling of the gold smuggling network linked to Ranya Rao. As authorities continue their probe, the focus remains on dismantling the wider syndicate and ensuring accountability. This case serves as a stark reminder of the risks associated with gold smuggling and the consequences for those who engage in illegal trade.
By – Jyothi
