Mining baron Janardhana Reddy arrested in alleged bribery case, sent to judicial custody till Nov 24
Ballari mining baron and former Karnataka minister Gali Janardhana Reddy was arrested, along with an aide, after hours of questioning in an alleged bribery case in Bengaluru on Sunday. Reddy was sent to judicial custody till November 24.
“We have taken the decision to arrest him on the basis of credible evidence and witnesses statements,” said Alok Kumar, additional commissioner of police, central crime branch (CCB) of Bengaluru police.
The bribery case against Reddy pertains to one Syed Ahmed Fareed, a ponzi scam accused, alleged to have cheated around 15,000 people to the tune of Rs 600 crore through his firm Ambidant Marketing.
Fareed allegedly told police that he had given Reddy 57 kg of gold worth Rs 18 crore after the latter promised to help him in an investigation launched by the Enforcement Directorate.
Reddy, who was allegedly on the run, had appeared before police along with his advocates. He had claimed the allegations against him were part of a “political conspiracy”.
The CCB police had been looking for him since Wednesday in connection with a transaction worth crores of rupees, allegedly linked to a ponzi scheme.
It was also on the lookout for Khan, who had allegedly struck a Rs 20-crore deal with Syed Ahmed Fareed of Ambidant Marketing Pvt Ltd, a company allegedly involved in the ponzi scheme, to bail him out of an Enforcement Directorate investigation.
One of the three brothers who wield enormous power in Karnataka’s mining district of Ballari, Janardhan Reddy was disowned by BJP chief Amit Shah during campaigning for the assembly elections held in the state in May.
His two brothers, Gali Karunakara Reddy and Gali Somashekhara Reddy were given ticket by the party. Janardhan Reddy had campaigned for them, as well his aide Sriramulu, who won the election from Ballari.
Last week, the party, however, lost the Ballari parliament seat to the Congress.
A strongman from Ballari, Reddy was denied ticket by BJP in the Karnataka assembly elections in May, but campaigned for his two brothers, Gali Karunakara Reddy and Gali Somashekhara Reddy and his aide Sriramulu, who had won the Ballari seat.
However, after Sriramulu resigned as the Ballari Lok Sabha MP, Congress won the seat in the recent by-election.