Kannada actress Ranya Rao has been granted bail by the Special Court of Economic Offences on Tuesday. But it's a conditional bail. Apart from Ranya, her co-accused Konduru Raju has also been granted conditional bail. The court approved the release of both on the condition that each will have to submit two sureties and a personal bond of Rs 2 lakh. After the Directorate of Revenue Intelligence (DRI) officials failed to submit a charge sheet against them, the special court granted bail to both on the condition that they would not leave the
country.
Justice Vishwanath C Gowdar, who presided over the hearing of this case, passed the bail order. However, despite getting bail, Ranya Rao will not be released. This is because she has been booked under the more stringent Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (COFEPOSA). COFEPOSA is a preventive detention law in India, which aims to prevent smuggling and conserve foreign exchange. This law allows the detention of persons suspected of being involved in such activities.