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Bengaluru: Money laundering - CCB police in hot pursuit of Janardhan Reddy


Daijiworld Media Network - Bengaluru (SP)

Bengaluru, Nov 8: The police officials attached to the central crime branch (CCB) here have now been actively looking for former minister, Gali Janardhan Reddy, who once was running a mining fiefdom at Ballari. The police also are aggressively searching for Reddy's elusive personal assistant, Ali Khan, relating to a money laundering case.

The police have reasons to suspect that Reddy might fly out of the country. So they are in the process of getting legal advice on the desirability of issuing lookout notice for Reddy. The police want to question Janardhan Reddy on the issue of his assistant having collected 57 kg of gold bullions from a Ballari-based jeweller.

The CCB police stumbled on Reddy's involvement in a money laundering case when investigating fraud amounting to Rs 600 crore involving about 15,000 clients relating to a company named Ambidant having its office at Dearajeevanahalli in the city in which the investors of the company were taken for a ride. 21 cases have been registered against the company and three against its owners. Owners of the company, identified as Syed Fareed Ahmed and his son, Syed Afaq Ahmed, were arrested and then released on bail. Their modus operandi was to offer high returns on investment initially and then cheat the investors after the clientele base grew.

During the time the police conducted verification of accounts of the father-son duo, they found that Rs 18 crore had been transferred from an account to a city-based jeweller, Ambika Sales Corporation. Its proprietor, Ramesh Kothari, said he had bought gold bullions from a Ballari-based jeweller, Ramesh, who owns Rajmahal Fancy Jewellers there. The police also came to know that 57 kg gold was handed over to Ali Khan, personal assistant of Janardhan Reddy. The police got evidence to show that Fareed and Afaq had met Janardhan Reddy at Taj West End Hotel here in March this year.

City police commissioner, Sunil Kumar, said that the police will question Reddy on the money laundering case and Ali Khan. He confessed that the gold in question is yet to be recovered. On the timing of the case surfacing a day after the election results were announced, additional commissioner of police, Alok Kumar, said that if the case had been revealed earlier, it would have been politicized and therefore the police chose to make it public after waiting for sometime as per the advice of senior officers in the department.


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Comment on this article

  • Kudla stories, Kudla

    Thu, Nov 8 2018

    Reddy buddy where are you ?? Just before elections you were everywhere. After elections you're nowhere. Before elections you were just like a hero. After elections you just became a zero.

    Buddy reddy...didn't you know, tharek maithina neer, kaarugu jappode.

    Honestly I would prefer God to punish you rather than the judiciary system.

    DisAgree Agree Reply Report Abuse

  • Dr.S.Kamath, Mumbai

    Thu, Nov 8 2018

    As per Digvijaya news Congress minister Ramalingam Reddy s name also has come up

    DisAgree [6] Agree [2] Reply Report Abuse

  • Vincent Rodrigues, Katapadi/Bangalore

    Thu, Nov 8 2018

    Reddy is bound to be arrested if he is involved money laundering.

    DisAgree [2] Agree [15] Reply Report Abuse

  • Dr.S.Kamath, Mumbai

    Thu, Nov 8 2018

    Entire case relates to a fraud created by Janardhan Reddy's Assistant Mr Khan
    The company that has done this Fraud also belongs to Khan .
    Moral of the story Reddy should not have hired frauds like Khan

    DisAgree [12] Agree [6] Reply Report Abuse

  • SMR, Karkala

    Thu, Nov 8 2018

    Dr.S.Kamath, Mumbai
    Sir, Are you referring to Genghis Khan of Mangolia?
    Doctor get your fact right or else don't comment. If you don't know the disease you can't prescribe medicine.
    Former BJP minister Janardhan Reddy is involved in the mining scam, Judge 'bail for sale scam' and murder of a judge and so on.
    Are you Pomp Doctor, without substance?

    JaiHind

    DisAgree [1] Agree [2] Reply Report Abuse

  • James Philip D sa, Belman/Kuwait

    Thu, Nov 8 2018

    If Reddy goes behind bar..Yeddi will be the next turn for sheltering. Justice Santhosh Hegde worked day/night to bring both Reddy and Yeddi under the law to get proper punishment. However our judicial system is sold out in the hands of our politicians.

    DisAgree [2] Agree [15] Reply Report Abuse

  • H.A.Sayed, Udupi- Muscat

    Thu, Nov 8 2018

    .He deserves for it Biggest looter & Fraud

    DisAgree [1] Agree [28] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Thu, Nov 8 2018

    Karnataka Government should take all the precaution to ensure that his pass-port is black listed.
    Only a tip of iceberg and there could be Big fishes in BJP, who are enjoying party support and protection. They should be identified and caught.

    DisAgree [3] Agree [20] Reply Report Abuse

  • Dsouza, Mangalore

    Thu, Nov 8 2018

    This BJP thug has a person of another community as his personal assistant ..... and they bark about Hindutva ...... what liars !!! .... only for vote bank .... and later to loot !!!

    DisAgree [2] Agree [27] Reply Report Abuse

  • John R Lobo, Kaikamba

    Thu, Nov 8 2018

    Tit for Tat..

    BJP tried its best to hook DK Shiva Kumar and Congress Politicians/Sympathizers.

    Now its turn of BJP.

    Central may be thought that Karnataka Govt is like New Delhi Govt ( Powerless ).
    New Delhi doesn't have its power of Law and Order ( Police ) .....But our Karnataka Yes...

    DisAgree [2] Agree [23] Reply Report Abuse

  • Peter, Blore

    Thu, Nov 8 2018

    He might have already contacted chhota modi and mehul choksey to start jewellry cum mining business near to beach in carribbean...

    DisAgree [2] Agree [23] Reply Report Abuse

  • Praveen, Kudla

    Thu, Nov 8 2018

    Karnataka vannu dochutiruwa intaha andra da darodekorarannu hagu awana shisyarannu e karnatakadindale oddodisi kannadigare

    DisAgree Agree [12] Reply Report Abuse

  • GD, Udupi

    Thu, Nov 8 2018

    Check with chaddi yeddi, he knows where reddy is pal is.

    DisAgree [2] Agree [22] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Thu, Nov 8 2018

    Janardhan Reddy will be on the run for the "Rest of his Life" ...

    DisAgree [2] Agree [33] Reply Report Abuse

  • Thomas, Udupi

    Thu, Nov 8 2018

    He will be a room mate for our Chidu and Kirti !

    DisAgree [18] Agree [11] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Thu, Nov 8 2018

    You forgot your Yeddy ...

    DisAgree [6] Agree [19] Reply Report Abuse

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