Bengaluru: Rs 9.43 crore of Janardhana Reddy attached in mining scam


Bengaluru, Apr 6 (IANS): The Enforcement Directorate (ED) on Wednesday attached Rs.9.43 crore of Associated Mining Company (AMC), owned by Karnataka's former BJP minister G. Janardhana Reddy and his wife G. Lakshmi Aruna, as the balance amount from illegal sale of iron ore to JSW Steels at Ballari.

"This (Rs.9.43 crore) is the balance amount of the Rs.33.80 crore AMC generated from illegal sale of iron ore to JSW and kept with the steel firm," ED said in a statement here.

ED's Bengaluru office had also attached the major amount (Rs.24.37 crore) in March 2015 under the Prevention of Money Laundering Act after investigations through this amount was also kept with JSW.

"AMC and its former partners (Reddy & Aruna) projected the ill-gotten money as untainted," the statement noted.

The value of total proceeds of the crime attached in this case is Rs.71.54 crore, including Rs.37.74 crore recovered from other illegal proceeds of AMC.

Reddy, who was a cabinet minister in the first BJP government from May 2008 to July 2011, is on bail after languishing in Hyderabad and Bengaluru central jails till January 23, 2015 following his arrest by the CBI on September 5, 2011 in multi-crore mining scams in both the neighbouring states.

The Supreme Court ordered the Central Bureau of Investigation (CBI) to probe Reddy's illegal mining activities, including exports through his mining firms in Karnataka and Andhra Pradesh.

The CBI also raided Reddy's palatial bungalow at Ballari, about 300km from here, and in Bengaluru in October 2011 and recovered several incriminating documents in connection with the mining scams.

  

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Comment on this article

  • J.F.D SOUZA, ATTAVAR,MANGALURU

    Fri, Apr 08 2016

    greed makes man/woman miserable. When it wont remain earned legally (sometimes) How can illegally earned will remain? And this is the example.

    DisAgree Agree Reply Report Abuse

  • Vincent Rodrigues, Frazer Town,B'lore

    Thu, Apr 07 2016

    He need to pay back what he earned illegally and also to be ready for the punishment.

    DisAgree Agree [5] Reply Report Abuse

  • Jai Sri Ram, Mangalore

    Thu, Apr 07 2016

    Can CBI or relevant govt. bodies recover all the illegal money hoarded by Reddy and other political figures back into govt. treasury. The money can be used for the development of backward areas, road construction, drainage work and many more in Karnataka's backward areas. Please include Devegowda and his troop in this acquisition list.

    DisAgree [2] Agree [13] Reply Report Abuse

  • J N Lobo, Mumbai

    Thu, Apr 07 2016

    If BJP's Ramgarh MLA, Gyandeve Ahuja can count 3000 used condoms and 2000 daru bottles EVERYDAY from JNU campus and its gutters what is the great deal in counting Janardhan Reddy's money?

    DisAgree [3] Agree [11] Reply Report Abuse

  • Clifford, Mangalore

    Thu, Apr 07 2016

    Hello Nagesh mam, I am sure this is a propaganda by Italian mafia and CBI controlled by them. No comments from Bakths on this matter yet.

    DisAgree [2] Agree [10] Reply Report Abuse

  • Mw, Dubai

    Wed, Apr 06 2016

    Choron ka chor is back....

    DisAgree [3] Agree [19] Reply Report Abuse

  • abdulla, india

    Wed, Apr 06 2016

    work backwards amount in Tonnage of IRON Ore exported as per B/L from all ports by these Reddys and their allies..
    then you know the market price international prices plus or minus ..
    What is 9.6 crores
    a joke
    He crowned the Murthy in on temple with Diamonds and gold worth 30 crores.
    in which temple he is the custodian..
    so, this is ll joke.
    he should be sued for min 1,000 crores.What about Yeddy..Gowdas..and co.

    DisAgree [6] Agree [10] Reply Report Abuse

  • ISMAIL K PERINJE, PERINJE

    Wed, Apr 06 2016

    In one occasion BJP govt owned by him!!What morality have YEDDY/CHEDDY/BJP/ISHRAPPA/Shettar.BJPwala is mahachor of all time in Indian history

    DisAgree [9] Agree [34] Reply Report Abuse

  • HENRY MISQUITH, Bahrain

    Wed, Apr 06 2016

    He was patronized by the people who are holding some key position in the Center. Like everybody says, "It's India baba,..there is nothing you can do to change it...". Isn't Sushma Swaraj defending her supporters?

    DisAgree [4] Agree [26] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Apr 06 2016

    Janardhana Reddy is the biggest Chor of BJP having wealth over Rs. 50,000 Crores ...

    DisAgree [11] Agree [41] Reply Report Abuse

  • Langoolacharya., Belman/Washington,DC.

    Wed, Apr 06 2016

    Jossey,

    you counted it? Did you leased Eshwarappa's machine to count it??

    BJP, with your current chor state leadership, you cannot win elections...if you want to win...dismiss all your current state leaders and start with new fresh faces...

    Otherwise same old CONgress chors will win again...

    I personally want AAP to win next elections but with our stupid voters this is unlikely to happen soon...

    ...JH...

    DisAgree [10] Agree [23] Reply Report Abuse

  • Jacob Mendonsa, Melbourne/Australia

    Thu, Apr 07 2016

    Langool,

    When I asked the AAP party workers in Bangalore, they told me that they didn't have enough funds to contest BBMP election last year. However I understand that they r planning to field their candidates in all constituencies during next Assembly election, in Karnataka.

    DisAgree [2] Agree [11] Reply Report Abuse

  • Dev Kumar, Mangalore/Surat

    Thu, Apr 07 2016

    Jacob..
    Looks like in next election will vote for AAP. When ship of 125 years sink will change for another.

    DisAgree [12] Agree [3] Report Abuse

  • Dev Kumar, Mangalore/Surat

    Thu, Apr 07 2016

    Jossey..
    Coalgate scam worth around 1.86 crores.
    Leave behind all other scams for time-being.

    DisAgree [10] Agree [4] Reply Report Abuse

  • Dev Kumar, Mangalore/Surat

    Thu, Apr 07 2016

    Jossey..
    Congress already after free money. When godmen told 1000 tonnes of gold available beneath abandoned palace in U.P how immediately given permission to search. Totally failed givernment. See how modjji is now working without any scams from last two years. It's the difference.

    DisAgree [16] Agree [5] Reply Report Abuse

  • Jacob Mendonsa, Melbourne/Australia

    Thu, Apr 07 2016

    Jossy,

    This Reddy used to travel by his own Helipad from Bellary to Bangalore to have his break fast. He is to sit in Gold platted chair, & eating with gold platted plates & golden spoon, until he landed in the jail to wash his own plates without spoons.

    DisAgree [2] Agree [11] Reply Report Abuse

  • Dev Kumar, Mangalore/Surat

    Thu, Apr 07 2016

    Jacob..
    With Reddy's money BJP wins.
    From where did BJP had money to fight with congress of 125 years.
    Where they now...hanging on 44 seats.
    Nowhere in any of major seats. Reddy made it succeed.

    DisAgree [12] Agree [4] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Thu, Apr 07 2016

    Langool, my one line is worth more than THOUSAND WORDS ...

    DisAgree [3] Agree [10] Reply Report Abuse


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