The CBI court condemned former Minister of Karnatak Gali Janardhan Reddy and three others in the case of Obulapuram illegal mining and condemned them for seven years of imprisonment.
Reddy was a member of the Legislative Assembly of Karnataka from the Gangawati election district of the Assembly from 13 May 2023, which was associated with Kalyana Rajya Pragathi Paksha. March 25, 2024 re -joined Bharatiya Janata Party.
The court sentenced them to a seven -year imprisonment and imposed a fine £10,000 on each. Reddy was appointed accused number two. The court had imposed a £1 lakh fine in the company. Soon after the CBI judgment, she took Reddy and another into custody.
Also read | Former Mining Baron Gali Janardhan Reddy awarded bail
The CBI court passed a sentence almost 14 years after CBI submitted fees against Reddy and others who accused them of manipulating the border marks of mining and illegal performance in the Bellary Reserve Forest on the Karnataka-A and Pradesh border.
The court condemned Švagr Janardhan Reddy and CEO OMC, Srinivas Reddy (A1) and VD Rajagopal (A3), then assistant director of Mina and Geology, Mehafuz Ali Khan (A7), personal assistant Reddy. The main strange judge for CBI cases of Judge T Raghu Ram liberated former Minister Sabith Indra Reddy and former bureaucrat B Krupanandam.
Criminal prosecution accused that illegal mining in 2007 to 2009 caused £884 Loss of Crore for the Treasury.
Who is Janardhan Reddy Gali?
Gali Janardhan Reddy is a former Minister of Karnataka and an influential mining baron known for his dominant role in the iron ore industry, especially in the Bellary area.
Reddy’s career was spoiled by several accusations and beliefs related to illegal mining, tax evasion and corruption.
Gali Janardhan Reddy was arrested in 2011 after the report of Lokayukta, which accused him of illegal mining activities that caused huge losses of the treasury. In 2015, Reddy was released on bail, but strict conditions were attached, including I cannot enter certain areas like Ballari.
Also read | Baron Gali mining Janardhan Reddy held in the case of bribery
‘Crazy Rich Life’ of Gali Janardhan Reddy
Gali Janardhan Reddy, a mining tycoon, won subtitles in 2016 after spraying the reported US $ 75 million ( £625,593 750) at the wedding of his daughter Brahmani to Rajeev Reddy.
Among the luxury equipment was discovered when the police in 2011 were among the luxury equipment discovered inner pool, massage salon, home cinema and hiding bombs.
Hindustan Times announced that the private helicopter of the entrepreneur named Rukmini, and several cars were also confiscated during the raid.
During the raid on Reddy’Shome, the police also discovered the “throne” weighing around 15 kg. The key chair reportedly represented Reddy’s initials, GJR, monogrammed in diamonds and Reddy that he was even “crowned” at a secret ceremony. Hindustan Times also said that at the time of police raids, he confiscated 30 kg of gold.
According to more reports, all Reddy shirts reportedly had real gold fibers woven into them, and the shirts themselves were considered more than $ 1,300. Mogul even wore a belt loaded with jewelry worth around $ 17,500.
What is the case of obulapuram illegal mining?
Obulapuram fraud revolves around illegal iron mining and massive tax evasion including the company Obulapuram Mining Company (OMC), which is owned by Karnataka of the Wolf Reddy Brothers, including former Minister Janardhan Reddy and their close associated Minister of Health B Sriramulu.
Also read | Gang Wars to check illegal mining Uttarakhand in 2010
The investigation revealed that the OMC entered the dubious memorandum of understanding (mine) with the Singapore company Shell, Gla Trading International (Glati) to underestimate sales and avoid taxing in India.
Glati, with offices in tax havens such as Singapore, Dubai and the British Virgin Islands, was partly directed by Gali Janardhan Reddy himself.
This system included intricate transactions to suppress revenue and avoid paying legitimate license fees, causing significant financial losses to the government.
In 2009, the Central Investigation Office (CBI) launched a probe on the basis of directives from the Central and Andhra Pradesh governments, after income tax rates revealed insufficient involvement and money washing in Crores Rupees.
(Tagstotranslate) mining Obulapuram
