Mining Baron

'Judge asked for Rs 500 crore for Reddy's bail'

Hyderabad: Suspended judge K Lakshminarasimha Rao and others, who had mediated with the associates of former Karnataka minister Gali Janardhan Reddy to secure his bail, is learnt to have initially demanded Rs 500 crore from the mining baron. But the deal did not shape up as the then CBI special court judge B Nagamaruthi Sarma refused to grant bail.

This was revealed by a chartered accountant-cum-realtor P Krishna Prasad in his statement to the ACB on July 16. Prasad is close to Gali Janardhan Reddys relative Dasaradharami Reddy. According to Prasad, he met Dasaradharami Reddy in April this year in Hyderabad to discuss some real estate deals. Prasad was accompanied by his advocate friend Venkateswara Rao, who is a close relative of Lakshminarasimha Rao.

While travelling with Dasaradharami Reddy, Prasad heard his assistant Suresh talking over the phone about securing bail for Janardhan Reddy. The next day, Dasaradharami Reddy asked Prasad if he knew somebody who could get bail and the latter promptly asked his lawyer friend.

Venkateswara Rao then told of Lakshminarasimha Rao and said they could demand Rs 500 crore from the Gali group. He said that Gali Janardhan had made thousands of crores through illegal mining and giving Rs 500 crore to secure a bail should not be a problem for him, Prasad said in the statement....more    

ACB-CBI team in Bangalore for bail scam probe

Hyderabad: A joint team of investigators from the Anti-Corruption Bureau (ACB) and Central Bureau of Investigation (CBI) are learnt to have headed to Bangalore for further probe into the cash-for-bail scam involving mining baron and former Karnataka minister Gali Janardhan Reddy. Though the bail scam is being investigated by the ACB, the anti-corruption watchdog is taking the help of the CBI as the latter had already carried out investigation into...  

ACB to seek Gali custody from Karnataka court

Hyderabad: The Anti-Corruption Bureau (ACB) is likely to seek a Prisoner Transit (PT) warrant to examine jailed mining baron Gali Janardhan Reddy in the cash-for-bail case. He is currently lodged in a Karnataka jail in the Obulapuram Mining Company (OMC) case. The ACB on Monday filed a 40-page chargesheet in the cash-for-bail deal giving detailed account of the role played by each of the accused. Sources told Express that ACB...  

Reddy bail: MLA spills beans on Sriramulu's role

Hyderabad: TH Suresh Babu, MLA from Kampli in Karnataka, had promised mining baron Gali Janardhan Reddy that he would, with the assistance of former Karnataka minister Sriramulu, convince judges to grant him bail, and he kept his word. He confessed to Anti-Corruption Bureau officials that he had, along with Janardhan Reddys brothers, Somasekhara Reddy and Dasaratharami Reddy, offered Rs 20 crore as bribe for the purpose. He offered the bribe...