NEW DELHI: A CBI court on Monday extended judicial custody of former Karnataka Minister Gali Janardhan Reddy and Obulapuram Mining Company managing director Srinivasa Reddy till October 3.
CBI petition for extension of custody and bail was pending before the court. Pro-Telangana advocates have disrupted the court proceedings.
Janardhana Reddy and his brother-in-law Srinivasa Reddy was arrested by CBI on September five in connection with illegal mining probe.
Earlier, a CBI team on September 17 seized gold jewellery worth about Rs two crore from bank lockers of Obulapuram Mining Corporation (OMC) Managing Director
Srinivasa Reddy here, who was brought from Hyderabad for enquiries into his monetary transactions.
Srinivasa Reddy reportedly has six lockers in the private bank, of which four have so far been opened. The lockers have gold jewellery and other documents, sources said, but declined to share details of seizures.
They said Reddy had managed to open bank accounts in benami names with the help of the then bank manager, who is now posted in Bangalore. These accounts were used to transfer funds earned from illegal mining, they said.
The sources said one CBI team conducted searches on a rice mill owned by a close associate of Janardhana Reddy here while another conducted raids on his aides in Ananthapur, including his driver, and seized about Rs 20 lakh in cash.
Another CBI team also visited mining areas of OMC in the Karnataka-Andhra Pradesh border at Malpangudi, Pumpi and Vidlapura, they said.(IBNLive)
