Friday, Apr 18 2025 | Time 17:30 Hrs(IST)
States » SouthPosted at: Apr 3 2025 9:45PM


DRI uncovers Dubai-linked hawala, gold smuggling racket

Bengaluru, Apr 3 (UNI) A largescale gold smuggling and Hawala money laundering network with deep links to Dubai has been busted by the Directorate of Revenue Intelligence (DRI), with Sahil Jain emerging as a key conduit in facilitating multiple illicit transactions, agency sources said on Thursday.
Investigations have revealed that Jain played a crucial role in funnelling massive amounts of illicit funds to Dubai while aiding and abetting actress Ranya Rao in high-value financial dealings linked to smuggled gold. Authorities have so far identified Hawala money transfers amounting to Rs 38.39 crore to Dubai, exposing a sophisticated transnational laundering syndicate, the sources said.
Officials first flagged the operation in January 2025 when Rs 11 crore in Hawala money was transferred to Dubai as part of the illegal financial network. The same month, Jain allegedly oversaw the disposal of 14,568 grams of smuggled gold valued at Rs 11.55 crore. Additionally, Rs 30.34 lakh in illicit funds was transferred to Ranya in Bengaluru, with an extra Rs 55 lakh further entrenching her role in the network.
Please log in to get detailed story.
Tags: #DRI uncovers Dubai-linked hawala# gold smuggling racket
More News

Tirumala: TTD Chairman instructs staff to perform duties with spirit of service

18 Apr 2025 | 5:21 PM

Tirumala, Apr 18 (UNI) Tirumala Tirupati Devasthanam (TTD) Chairman B.R. Naidu on Friday directed the staff to perform their duties with a spirit of service, ensuring there is no room for complaints.

see more..

Swachh Andhra’s mass cleaning drive program in Tirumala on Saturday

18 Apr 2025 | 5:16 PM

Tirumala, Apr 18 (UNI) As part of the prestigious 'Swachh Andhra' initiative launched by the State Government, the Tirumala Tirupati Devasthanams (TTD) will organise a mass cleaning drive program here on Saturday.

see more..

Arvind Panagariya offers prayers to Lord Venkateswara at Tirumala temple

18 Apr 2025 | 5:03 PM

Tirumala, Apr 18 (UNI) The 16th Finance Commission Chairman Dr Arvind Panagariya and other members along with Andhra Pradesh Finance Minister Payyavula Keshav offered prayers to Lord Venkateswara Swamy here on Friday.

see more..

Siddaramaiah vows Rohith Vemula Act to end campus bias

18 Apr 2025 | 5:01 PM

Bengaluru/New Delhi, Apr 18 (UNI) Karnataka Chief Minister Siddaramaiah on Friday announced that the state government will soon enact the Rohith Vemula Act, a landmark legislation aimed at eliminating discrimination on the basis of caste, class, or religion in educational institutions.

see more..

TPCC chief Mahesh Kumar Goud slams Kishan Reddy, accuses BJP of caste and communal politics

18 Apr 2025 | 4:56 PM

Hyderabad, Apr 19 (UNI) Telangana Pradesh Congress Committee (TPCC) President Mahesh Kumar Goud launched a scathing attack on Union Minister and BJP leader G Kishan Reddy, questioning his contributions to Telangana during his long political career.

see more..