The trail of irregularities in AMC is bound to open a floodgate to nail the Reddys. The CBI is examining documents to trace Rs210 crore owned by them
The sand bowls of Bellary, which yielded black gold for the Reddys, are slowly slipping under their feet as the CBI is digging out all the dirt, exposing their misdeeds.
The Supreme Court on Friday delivered one more blow to the Reddy empire when it ordered the CBI to probe into the affairs of Associated Mining Company (AMC), owned by the Reddys in Karnataka, which allows the CBI to crack down on the huge network that sustained the empire for the past decade.
The CBI team, during its recent raid on the houses of Kharadapudi Mahesh, Swastik Nagaraj and STD Manjunath in Bellary, recovered documents that have provided a mine of information to nail the Reddys.
The trio is said to be the key players who executed the plans of illegal mining through raising contracts and transporting it illegally on the ground while the Reddys just held the remote in their palatial bungalows.
According to sources, the Reddys have more than 200 bank lockers. Many of them have still not been traced and they have allegedly stashed diamonds, platinum and gold jewellery worth hundreds of crores of rupees.
No exact estimate has been made of the amount that they succeeded in moving into secret locations as the Reddys anticipated the CBI raid after the Centre ordered a probe into the assets of their friend in Andhra Pradesh, Jaganmohan Reddy. The bank accounts have been seized, delivering a crippling blow to the Reddys.
The list of persons who were on the pay list of the Reddys has laid bare the huge network, right from IFS, IPS officers to police constables and even a few mediapersons.
CBI sleuths are examining documents to trace the foreign exchange of more than `210 crore earned by Obulapuram Mining Company (OMC) owned by the Reddys, which has not come to India. It is said to have been parked abroad in tax havens such as the Isle of Man and British Virgin Islands to evade
taxes.
The CBI and IT department have secured information over transfer of money by Janardahna Reddy’s foreign firms in six countries—Cambodia, Dubai, Singapore, Vietnam, China and Indonesia.
The CBI’s trail of irregularities in the AMC is bound to open yet another floodgate to nail the Reddys further.
“The widening base of the CBI probe now will help in unearthing the illegal mining, transport and trading of iron ore, which could bring down the Republic of Bellary if the probe is sustained vigorously,” says former Lok Ayukta Santosh Hegde, expressing happiness at the new tidings against illegal mining.
Janardhana Reddy is expected to be brought to Bellary again soon as a part of the investigations to unearth more muck that could deliver yet another blow to the empire.
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