CBI gets more time to grill
Janardhan, Srinivas Reddy

HYDERABAD — The Central Bureau of Investigation (CBI) Special Court on Monday extended judicial custody of mining don and former Karnataka tourism minister Gali Janardhan Reddy and Obulapuram Mining Company (OMC) Managing Director B V Srinivas Reddy till October 3.

By P.s.jayaram

Published: Thu 22 Sep 2011, 12:08 AM

Last updated: Tue 7 Apr 2015, 1:53 AM

The two, who were arrested by CBI officials on September 5 in connection with illegal mining case in Andhra Pradesh, were produced before the special judge after the investigating agency grilled them for six days following the special court order for CBI custody on September 13. The special judge remanded them back to judicial custody till October 3, and the duo was later taken to Chanchalguda Central Jail.

A CBI team had on September 17 seized gold jewellery worth about Rs20 million from bank lockers of Janardhan Reddy’s brother-in-law, Srinivas Reddy, who was taken by CBI sleuths to Bellary to track his monetary transactions following the seizure of Rs50 million from a lorry in Anantapur.

Two persons, reportedly associated of Srinivas Reddy, were arrested along with the seizure of cash and they allegedly told the police that the money was transported from Bellary and was meant for Srinivas Reddy. Srinivasa Reddy reportedly has six lockers in a private bank in Bellary, of which four have so far been opened. The lockers have gold jewellery and other documents, sources said, but declined to share details of seizures.

Srinivas Reddy, according to the sources, had managed to open bank accounts in benami names with the help of the then bank manager, who is now posted in Bangalore. These accounts were used to transfer funds earned from illegal mining, they said, adding that another team from the investigating agency had conducted searches on a rice mill owned by a close associate of Janardhana Reddy.


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