The mining baron will however continue to be lodged in the jail as presently he is in a judicial custody at Bengaluru in connection with the illegal mining case involving his Obulapuram Mining Company. Reddy was granted bail in the case registered by the anti-corruption bureau on Thursday.
He is accused of paying a bribe to the suspended judge T Pattabhirama Rao for bail. The ACB has registered two cases against Reddy. In October 2012 the HC granted him bail in a case related to an attempt to bribe Rao. The ACB court had dismissed Reddy's bail plea in the second case, after which he moved the High Court last month.
Rao, as a judge of the special CBI court, granted bail to Reddy in OMC case while refusing the same relief to the IAS officer Y Srilakshmi, a co-accused. Following this the CBI conducted a probe and exposed the bribe deal.
The High Court subsequently suspended Rao and cancelled Reddy's bail. ACB arrested three serving judges including Pattabhirama Rao and eight others in the two cases. All the other accused are out on bail now.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)