The Bengaluru police yesterday issued look out notice on Ballari-based mining baron and former Karnataka minister G Janardhan Reddy, who was absconding as police were searching for him in connection with a money transaction worth crores of rupees, allegedly linked to a ponzi scheme.
The Bengaluru Central Crime Branch police is also hunting for Reddy’s close aide Ali Khan, who allegedly struck a Rs 20 crore deal with Syed Ahmed Fareed of Ambidant Marketing pvt Ltd, a company accused of involvement in the ponzi scheme, to bail him out from Enforcement Directorate investigation.
Bengaluru Police Commissioner T Suneel Kumar said Reddy was absconding and police were looking for him to question him in connection with the case.
“Based on the information gathered the investigation is going on further…CCB is after Ali Khan and Janardhan Reddy,” he said.
Interestingly, the development comes a day after Reddy’s close confidant Sriramulu’s sister J Shantha, a BJP candidate, lost in the by-polls from Ballari Lok Sabha constituency, considered a strong hold of the Reddy brothers.
The Congress won the seat breaking BJP’s grip over Ballari since 2004. However, Police said there was no political connection to the probe.
Reddy, a Minister during the previous BJP rule, had been arrested by the CBI in 2011 over alleged multi-crore illegal mining scam and granted bail three years later.