After a marathon interrogation of more than 20 hours, former BJP minister and mining baron G Janardhana Reddy and his close aide Ali Khan have been arrested by the Central Crime Branch (CCB) police, on charges of criminal conspiracy in a multi-crore cheating case.
Senior officers of the CCB decided to arrest him this afternoon in connection with the case. They produced before the magistrate and remanded in judicial custody 24.
Additional Commissioner of Police (Crime) Alok Kumar said, “Based on the evidence we have gathered and the statements made by witnesses, we found that his (Reddy) arrest is necessary in the case. We have formalised his arrest. We will further probe the case to recover the money invested by people”.
Reddy, who appeared at the Central Crime Branch (CCB) office in Bengaluru Saturday, was arrested after the questioning ended Sunday morning, Kumar said. The CCB police had been looking for him since Wednesday in connection with a transaction worth crores of rupees, allegedly linked to a ponzi scheme.
It was also on the lookout for Khan, who had allegedly struck a Rs 20-crore deal with Syed Ahmed Fareed of Ambidant Marketing Pvt Ltd, a company allegedly involved in the ponzi scheme, to bail him out of an Enforcement Directorate investigation.