Rao and her brother were directors of the company — formed in 2022 — allotted the land. KIADB claimed that Rao’s company had proposed to set up a manufacturing unit for steel TMT bars, rods and allied products at a cost of Rs 138 crore. No development has taken place till date. On March 3, Rao was caught at Bengaluru airport arriving from Dubai with 14.2kg gold bars hidden in a belt strapped to her body, leading to her immediate arrest by officials. She is likely to be produced in a city court when her DRI custody ends on Monday, as investigations into the high-profile gold smuggling case continue. The land allotment was approved by the 137th state-level single-window clearance committee, and the allotment process was completed before the Congress government took charge, the KI ADB said in a statement. The company, Ksiroda India Pvt Ltd, proposed a Rs 138 Cr steel T MT bars unit, but no development has take place so far, raising questions about the project’s intent.