HomeNewsTrendsCurrent AffairsIllegal mining: Reddy's judicial custody ends today

Illegal mining: Reddy's judicial custody ends today

Mining baron and former Karnataka minister Gali Janardhan Reddy's judicial custody ends on Saturday. The CBI has asked the special Bangalore court to extend Reddy's custody. Reddy is the prime accused in the illegal mining case.

March 24, 2012 / 13:31 IST

Mining baron and former Karnataka minister Gali Janardhan Reddy's judicial custody ends on Saturday. The CBI has asked the special Bangalore court to extend Reddy's custody. Reddy is the prime accused in the illegal mining case.

Associated Mining Corporation (AMC) and Deccan Mining Syndicate (DMC) owned by Reddy and his wife Aruna Lakshmi have been facing probe over charges of illegal mining. Additional Civil and Sessions Court judge BM Angadi remanded Reddy to custody after CBI moved an application in this regard.

Former minister and Congress leader V Muniyappa and few other officials are the other accused in the case.

According to the chargesheet, the total amount earned by OMCPL through local sales and exports worked out to Rs 4,310 crore during the 2007-10 period.

The chargesheet further says that Reddys entered into a criminal conspiracy with public servants including late Linga Reddy, Rajagopal, suspended IAS officer and then secretary (Industries and Commerce department) Y Srilakshmi; and ensured that the mining leases for area of 68.5 hectares and 39.5 hectare were granted to OMC.

Gali and others encroached on mining areas of different companies located around lease area of OMCPL and carried out illegal mining, the CBI alleges, adding that OMCPL also laid roads illegally, linking to AGK mines (owned by OMCPL) for illegal transportation of iron ore.

first published: Mar 24, 2012 10:43 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347