Ponzy Scam: Janardhana Reddy arrested, remanded to Judicial Custody till Nov 24

Agencies
November 11, 2018

Bengaluru, Nov 11: Mining baron and former Karnataka Minister Galli Janardhana Reddy was remanded to Judicial custody till November 24 in connection with Rs 23 Crore 'Ponzy Scam'.

Ist ACMM Court Judge Jagadish remanded Reddy to judicial custody when he was produced by the CCB Investigating officers who questioned him since yesterday after he appeared before them for questioning.

Reddy was taken to Central Prison at Parappana Agrahara in the outskirts of the City.

The Enforcement Directorate which conducted raids on Ambidant Marketing Pvt ltd. in 2017 unearthed money laundering.

Before producing before the Judge, Reddy was subjected to medical test at government run Victoria Hospital.

Mining Baron Gali Janardhana Reddy arrested

Iron ore Mining baron and former Karnataka Minister Galli Janardhana Reddy was arrested on Sunday by CCB which is investing into Rs 23 crore Ponzy Scam unearthed by Enforcement Directorate after a raid on Ambidant Marketing pvt Ltd, Bellari in 2017.

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.

Comments

Kannadiga
 - 
Sunday, 11 Nov 2018

BJP Karnataka state supremo party 's leading person second time went behind bar.Wait and see BJP party's reaction as well as Godhi medias TV debate. Hope this time they will not divert.

 

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News Network
April 26,2020

Bengaluru, Apr 26: Two businessmen brothers, Tajammul Pasha and Muzammil Pasha, in Karnataka's Kolar district have set out to help people in need amid the lockdown over the COVID-19 pandemic by selling their land for Rs 25 lakh.

On seeing daily wage labourers and their families in Kolar suffer during the lockdown, the brothers said they decided to sell their land and use the money to buy essentials and food grain for a large number of poor people.

The brothers also bought oil and cereals with the money. Then they set up a tent next to their house and started a community kitchen to make food for labourers and homeless people.

"Our parents died early. When we shifted to our maternal grandmother's place at  Kolar, people from communities, Hindus, Sikhs, Muslims helped us survive without any religious bias," said Tajammul Pasha, visibly emotional.

The Pasha brothers are into banana cultivation and real estate. Tajammul was five and his sibling Muzammil was three when they lost their parents. They had to move from Chickbalapor to Kollar, where their grandmother lived.

"We were brought up in poverty. We survived because of the support of people of all communities and religions. We have signed the society agreement bond and handed it over to our friend who purchased our site and gave the money," the brothers said.

Once the lockdown ends and the land registrar's office opens, the remaining steps to transfer the land will be completed, they said.

So far the two brothers have supplied food grain, oil, sugar and other essentials to over 3,000 families. They have also given hand sanitizers and masks to the poor.

The Kolar administration has issued passes to their volunteers so that they can help in this difficult time.

The number of coronavirus cases in India has increased to 24,506, including 775 deaths, the Home Ministry said today, adding that 1,429 cases and 57 deaths were reported in the last 24 hours.

Amid a countrywide lockdown to check the spread of the highly contagious illness, which began on March 25, the government last night issued an order to allow neighbourhood shops to remain open with conditions; malls across India continue to remain shut.

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News Network
February 13,2020

New Delhi, Feb 13: Ashoka Buildcon on Thursday said it has emerged as the lower bidder for a highway project worth Rs 1,035.5 crore in Karnataka.

The project entails four laning of a section of NH-206 in the state.

Ashoka Buildcon had submitted its bid to National Highways Authority of India for the project to be built on hybrid annuity mode under Bharatmala Pariyojana, it said in a BSE filing.

"The company emerged as the lowest bidder at the financial bid opening meeting held on February 13," Ashoka Buildcon said.

The quoted bid project cost for the project is Rs 1,035.50 crore, it added.

The company's stock was trading at Rs 103.05, down 2.78 per cent, on the BSE.

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News Network
January 9,2020

Bengaluru, Jan 9: Primary and Secondary Education Minister S Suresh Kumar on Thursday said that the Education Department would launch a helpline by March 2020 to address the complaints.

Speaking to reporters here, he said, the helpline is not only for children but also for teachers.

"Entire department including teachers and parents can make use of the opportunity”, the minister said.

“The helpline can be called for any complaint related to the Education Department. Our objective is to resolve problems within a stipulated time,” the Minister said.

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