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....
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12:08 PM, Aug 29, 2012
Mumbai: Two real estate developers have served eviction notices to Vijay Mallya-promoted Kingfisher Airlines for allegedly defaulting on rent payments on a Mumbai property since November 2011. Airline sources confirmed the development and said the management is negotiating with the developers to resolve the deadlock. "Senior airlines representatives are in talks with some of the developers for quite some time now to resolve the deadlock and arrive at a solution,"...
01:33 PM, May 04, 2012
"All she wanted was a different set of tiles to be used in her new house," remembers Babulal Varma, managing director at Omkar Realtors. "It was as simple as that." It was 2003 and Varma had learned his first lesson in Mumbai's redevelopment business. Now, a decade later, he is the undisputed king of Mumbai's redevelopment industry, ahead of rivals HDIL and Ackruti. He has already developed 2.5 million square...
04:45 PM, Apr 20, 2012
Mumbai: Whatever the make and model of the car, the boot isn't the most comfortable place to travel. Take it from Samit Ghangade. The 29-year-old real estate agent from Versova was abducted and being taken to Navi Mumbai by four men when the Nehru Nagar police intercepted the vehicle and nabbed the abductors. As cops at the nakabandi stopped the abductors and approached the car, they heard knocks from the...
12:13 PM, Mar 27, 2012
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12:54 PM, Mar 28, 2010
Satish Shetty was killed by unidentified men on Wednesday morning. ...
02:26 PM, Jan 13, 2010
The officers now have to answer a showcause notice. ...
09:28 AM, Jan 12, 2010
Kshemal Desai stands for 210 families who were duped by a group of builders. ...
11:42 AM, Aug 08, 2009
There are several home loan schemes under the ambit of this campaign. ...
06:08 PM, Aug 07, 2009
The promoters disappeared after taking the initial payments from buyers. ...
11:22 AM, Aug 07, 2009
Developers hope to get easy loans, more business because of govt encouragement. ...
10:08 PM, Dec 12, 2008
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08:03 PM, Apr 30, 2007
In what comes as a first of its kind incident, an ex-General of the Indian Army is making a sales pitch for a Bangalore realtor. ...
09:07 AM, Dec 23, 2006
