30 kg gold seized from Janardhana Reddy's house

The Central Bureau of Investigation has seized Rs 3 crore in cash, over 30 kg of gold and several incriminating documents from the residence of former Karnataka minister and mining baron Janardhana Reddy; unconfirmed reports state his chopper has also been seized

The Central Bureau of Investigation (CBI) yesterday 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.

The CBI had registered the case against Janardhana Reddy
on Dec 7, 2009. However, the Andhra Pradesh High Court
granted an interim stay on the CBI investigation on Dec 14, 2009

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.

Reddys sent to 14 days judicial custody
A special court in Hyderabad Monday sent former Karnataka minister and mining baron Gali Janardhana Reddy and Obulapuram Mining Company (OMC) director B. Srinivas Reddy to judicial custody for 14 days in an illegal mining case.

The two, who were arrested by the Central Bureau of Investigation (CBI) early Monday at Bellary in Karnataka, were produced before a CBI court at the Nampally Criminal Court complex.

After hearing arguments for one-and-half hours, the judge sent the accused to judicial remand till Sep 19. They are likely to be shifted to Chanchalguda Central Jail.

Rs 27,600
Market price of 10 gm gold

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