New Delhi/Hyderabad: The Central Bureau of Investigation (CBI) Monday seized Rs.3 crore in cash and more than 30 kg of gold from the residence of former Karnataka minister and mining baron Gali Janardhana Reddy at Bellary in Karnataka.

The CBI, which arrested Janardhana Reddy in an illegal mining case, also found several incriminating documents during searches at his residence.

Janardhana Reddy, director of Obulapuram Mining Company (OMC), and managing director Srinivas Reddy were arrested and later brought to Hyderabad to be presented in a court.

Unconfirmed reports say CBI also seized Janardhana Reddy's helicopter. According to a CBI statement in New Delhi, cash of more than Rs.1.5 crore and several incriminating documents were found at the premises of Srinivas Reddy.

It was on Dec 7, 2009 that CBI Hyderabad had registered a case under several sections of the Indian Penal Code, the Prevention of Corruption Act, 1988, Indian Forest Act, and the Mines and Minerals (Development & Regulation) Act, regarding the alleged illegal mining by OMC and others.

The Andhra Pradesh High Court on Dec 14, 2009 granted an interim stay on the CBI investigation. On a writ appeal filed by CBI, a division bench of the high court vacated the stay on Dec 16, 2010. However, the court ordered CBI to limit itself to the illegal mining activity of the said firms and not to probe the boundary disputes till they are decided by the committee constituted on the orders of the Supreme Court.

After vacation of the stay, the CBI Hyderabad started investigation of the case and till now around 1,530 documents and 112 iron ore samples had been collected and around 85 witnesses/suspects have been examined, said the CBI statement.


 

Home | Top of the Page

Top Stories

Karnataka mining baron, former BJP Minister Janardhana Reddy arrested

The CBI early Monday arrested former Bharatiya Janata Party (BJP) minister and lawmaker Galli Janaradhana Reddy here in a graft case   »

My assets are over Rs.1,000 crore, Reddy once said

Reddys' rise: Riding cycles to rattling BJP leadership

  Most Read

Parliament was disrupted for the third day Monday as the Bharatiya Janata Party (BJP) persisted with its demand for the recall of Gujarat Governor Kamla Beniwal over the appointment of a Lokayukta without consulting  »

No pact on Teesta without Bengal nod: foreign secretary

There will be no agreement on the Teesta river without the consultation of the West Bengal government, Foreign Secretary Ranjan Mathai said Monday, a day ahead of Prime Minister Manmohan Singh's two-day visi  »

Miffed Mamata not to accompany PM to Dhaka

  News Pick

Former Gujarat minister and Bharatiya Janata Party (BJP) spokesperson I.K. Jadeja Monday failed to appear before the Nanavati-Mehta judicial  »

Contempt of court plea against Modi

Youngsters opting for teaching as a career

Gone are the days when teaching was considered a low-paying profession. With the proliferation of educational institutes and the implementation  »

Saree fever! School girls deck up for Teachers' Day

Protests fuelled by economic, social grievances draw large crowds in Tel Aviv

An estimated 500,000 people took to the streets of Tel Aviv on Saturday night, by far the largest demonstration in the social protest movement that has swept the country for two  »

Picture of the Day

The 27th of Ramadan (August 26, 2011 this year), "Laylet al-Qadr" (Night of Power), is one of the holiest nights of the Islamic calendar, the night when the Quran began to be revealed to the Prophet Muhammad (Peace be upon him). Millions from around the world visit the Grand Mosque in Makkah from all over the world and pray over the night.