Business Standard

Mining baron Reddy joins police probe into Ponzi case

IANS  |  Bengaluru 

Karnataka's baron Gali Janardhana on Saturday appeared before the state's Central Branch (CCB) for in a Ponzi-related case, police said.

"appeared before our investigation officers with his in our office for questioning his alleged role in the multi-crore Ponzi scheme case," a told reporters here.

Reddy's appearance at the CCB office came a day after a city court on Friday declined to grant him anticipatory bail.

The CCB has alleged that had shielded the accused in the Ponzi scheme from being investigated by the (ED).

Reddy, a former BJP in the state, is on bail in the scam that rocked the southern state for a decade from 2002 to 2012.

In a video clip released to local news channels hours before he drove to the CCB office in the city's southwest suburb, Reddy denied speculation that he was absconding or hiding in

"Though I have been in Bengaluru only, I learnt through news channels that I am in I am going to the CCB office on the advice of my in response to its notice," Reddy said in the video clip.

--IANS

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

First Published: Sat, November 10 2018. 17:48 IST
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