New twist in Ranya Rao Gold Smuggling case: Actress firm promises to invest on land allotted by government and 138 CR investments

The Karnataka Industrial Area Development Board (KIADB) has said that Kannada actor Ranya Rao, who was recently arrested for gold smuggling from Dubai, was allotted land to set up a steel plant by the previous BJP government in February 2023.

This statement came in response to those reports that a company associated with the actor was given 12 acres of industrial land by KiadB in 2023, PTI Informed

As soon as the issue began a political turn, MB Patil, the office of the Minister of Medium and Large Industries, issued the final notification of the government issued on February 22, 2023, which confirms the allocation of land in Sira Industrial Area of ​​Tumuru district to Ranya’s company, Kesiroda India.

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The Congress came to power after defeating the BJP in the Karnataka assembly elections in May 2023.

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The Karnataka government proceedings shared by the Minister’s Office said, “Approved on the proposal of M/S KSIRODA India Private Private Limited to set up a unit for the manufacture of ‘Steel Products – TMT Bar, Rods and Allied Products’ in SIRA Industrial Area, Tumakuru district.

“Government is pleased with the principle approval for investment proposal 138 crores, generating employment to about 160 persons with the following infrastructure assistance, encouragement and concessions, ”said this.

In a press release issued by Patil’s office, Kiadb said the allocation to the company associated with Rao was done in January 2023. Kiadb CEO Mahesh said on Sunday that KSIRODA India was allotted 12 acres of land on January 2, 2023 by the previous government on 12 January 2023. PTI Informed

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Mahesh said, “The land located in Sira Industrial Area of ​​Tumkuru district was approved for the allocation of 137th state level single window clearance committee (SLSWCC) during the meeting, when the last government was in power,” Mahesh said.

According to the KIADB press release, the company had submitted a proposal to set up a manufacturing unit for steel TMT bar, rods and related products with an investment. 138 crores. The project was expected to produce around 160 jobs. Price of gold bars 12.56 crore Ranya from Ranya was seized here at Kamphegowda International Airport, after which discoveries were made at his residence, and the values ​​of gold jewelery 2.06 crore and Indian currency amount 2.67 crore was also confiscated, the Revenue Intelligence Directorate said on Wednesday.

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Ranya is the half -daughter of senior IPS officer Ramchandra Rao, who currently holds the post of Chairman and Managing Director in Karnataka State Police Housing and Infrastructure Development Corporation Limited.

In case of total 17.29 crore was confiscated, including the property price. 4.73 crore, organized a significant blow to organized gold smuggling networks.