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Hearing on Reddy's plea for relaxing bail condition adjourned

Press Trust of India  |  Chennai 

The Madras High today adjourned hearing on a plea of sand mining baron Shekar Reddy, facing money laundering charges, for relaxing his bail condition that stipulated his stay in only.

Justice S Bhaskaran adjourned hearing on Reddy's plea to July 17 on his counsel submission that he faced threat to his life.


Reddy's counsel displayed a newspaper report and told the that his client was facing life threat and hence his for relaxing his bail condition may be adjourned for the time being.

Arrested by the following seizure of Rs 34 crores in new Rs 2,000 denomination notes by from him during the exercise in December last year, Reddy and his two associates K Srinivasulu and were granted bail by Justice Bhaskaran on May 12.

Reddy was granted bail on the condition that he and his associates would stay in only and report to at office there daily.

Reddy, in his plea to the high here, has sought relaxation of his bail condition saying he be allowed to stay in Chennai and report to the ED office here only.

The sleuths had Reddy and his associates K Srinivasulu and after seizure of Rs 34 crores in new Rs 2,000 denomination notes from them and had filed a case under the provisions of the Prevention of Money Laundering Act (PMLA).

While granting bail, the judge had directed the three to stay in and report to the officer-in-charge of PMLA cases, ED, at 10 AM daily until further orders.

The judge later had relaxed the bail condition of Reddy's two associates and allowed them to sign before the ED authorities here.

Following this, Reddy too has filed a seeking the relief.

During the hearing today, counsel for the ED favoured an order allowing Reddy to appear in the agency's office here.

He submitted that the investigation of the case had to be continued in Chennai and hence no purpose will be served if the petitioner was forced to stay in

He said the state police has to give protection to the accused.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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