Authorities have taken action under the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act of 1974 (COFEPOSA) regarding Kannada film actress Ranya Rao.
Sources revealed that this move follows her recent arrest in relation to an ongoing investigation into gold smuggling. The legislation, designed to safeguard national financial interests and combat illicit trade, allows for stringent measures against those implicated in such activities.
COFEPOSA grants investigators significant powers including:
- Extended detention periods
- Attachment of assets
- Restrictions on foreign transactions
“The application of COFEPOSA demonstrates the seriousness with which authorities are treating this case,” stated a source familiar with the matter. “It reflects a commitment to thoroughly investigate and prosecute those involved in smuggling operations impacting our economy.”
Ranya Rao’s involvement is currently under scrutiny as investigations continue.
