Mining baron Reddy appears before police for questioning in ponzi scam case
After remaining elusive for three days, former Karnataka minister and mining baron G Janardhana Reddy Saturday appeared before the police here in connection with an alleged ponzi scam, and denied the allegations as a "political conspiracy".
Reddy, who the police said had been absconding, came in a car to the Central Crime Branch office, along with his advocates, after releasing a video message from an unknown location, saying he would appear before it.
After arriving at the office, Reddy claimed that there was a "political conspiracy" and added that he had faith in the police.
In his video message, he said he was not absconding and was very much in the city, while asserting that there was no need for him to flee.
Reddy, who was a minister in the erstwhile Bharatiya Janata Party (BJP) government in Karnataka, said he never panicked as neither his name figured in the first information report (FIR) nor was any notice served on him.
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.
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