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Actress Ranya Rao was granted bail by a Bengaluru court on Tuesday in connection with the gold smuggling case.. The bail was granted after the Directorate of Revenue Intelligence failed to file a chargesheet within the legally prescribed period. The bail was granted on condition of furnishing two sureties and a bond of Rs 2 lakh. She is also not permitted to leave the country.
However, in spite of being granted bail, the actress has to remain in custody as she is also facing proceedings under the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974.
COFEPOSA is a stringent detention law aimed to curb smuggling activities and to safeguard foreign exchange reserves.By this act, authorities can detain individuals upto one year solely based on suspicion of their involvement in such offences.Ranya Rao was arrested on March 3 at Kempegowda International Airport in Bengaluru for being in possession of 14.5 kilograms of gold allegedly smuggled from Dubai.
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