You are here: Home » Current Affairs » News » National
Business Standard

Ponzi scam: G Janardhana Reddy appears for questioning, denies allegations

In his video message, he said he was not absconding and was very much in the city

Press Trust of India  |  Bengaluru 

G Janardhana Reddy
G Janardhan Reddy reaches Crime Branch office in connection with Ambident Group alleged bribery case | Photo: @ANI

After remaining elusive for three days, former Karnataka minister and 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 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.

"I have not committed anything wrong. The police do not have a single document to prove that I am wrong. They are misleading the media," he claimed in his message telecast by TV channels.

Reddy, who was a minister in the erstwhile (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.

"Now that the notice has been issued by the police, I have decided to appear before the today itself though the notice says I should appear on Sunday," Reddy said.

"I decided to make this video to let people know the truth. I have faith in the police and believe that they would not succumb to any political pressure," he added.

The CCB police had launched a hunt for him since Wednesday in connection with a money transaction worth crores of rupees, allegedly linked to a

The CCB was also on the lookout for Reddy's close aide, Ali Khan, who had allegedly struck a Rs 200 million deal with Syed Ahmed Fareed of Ambidant Marketing Pvt Ltd. -- a company accused of involvement in the -- to bail him out from the Enforcement Directorate investigation.

Bengaluru Police Commissioner T Suneel Kumar had said on Wednesday that Reddy was absconding and the police were looking for him to question him in the case.

First Published: Sat, November 10 2018. 16:55 IST