Mining baron Janardhana Reddy arrested

November 11, 2018 13:31

Former Karnataka minister and mining baron G Janardhana Reddy has been arrested in connection with Ambident Group alleged bribery case, news agency ANI reported.

Reddy, who the police said had been absconding, on Saturday appeared before the police in connection with an alleged ponzi scam,

He claimed that there was a political conspiracy and added that he had faith in the police.

The Central Crime Branch police had launched a hunt for him since Wednesday in connection with a money transaction worth crores of rupees, allegedly linked to a ponzi scheme.

The CCB was also on the lookout for Reddy's close aide, Ali Khan, who had 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 the Enforcement Directorate investigation.

Bengaluru Police Commissioner T Suneel Kumar had said on Wednesday that Reddy was absconding and the police were looking for him to question him in the case.

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