Ponzy Scam: Mining Baron Gali Janardhana Reddy arrested

Last Modified Sunday, 11 November 2018 (14:14 IST)
Bengaluru: Iron ore and former Minister Galli Janardhana Reddy was arrested on Sunday by CCB which is investing into Rs 23 crore unearthed by Enforcement Directorate after a raid on Ambidant Marketing pvt Ltd, Bellari in 2017.
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Reddy was subjected to medical test by the authorities before he will be produced before a Magistrate seeking his custody for further questioning.
Reddy, who was elusive for about four days, appeared before the CCB for questioning yesterday and he was grilled by the officials for more than since then in connection with he (Reddy) allegedly received 57 kg of gold worth about Rs 18 crore and Rs 2 crore in cash for rescuing Ambidant company from ED.
Reddy’s application for anticipatory bail was posted for hearing to Monday by a Court after asking his Lawyers “if he was innocent why he is not appearing before the CCB.
His close aid Ali Khan was also arrested by CCB along with him. Ali Khan was alleged to be king pin through whom the gold was purchased from Raj Mahal Jewellers. (UNI)