Rs 38 crore assets of Janardhana Reddy, his wife attached


New Delhi, Aug 18 (Agencies): A special anti-money laundering court here has attached assets worth over Rs 37.86 crore belonging to former Karnataka minister and mining baron Gali Janardhana Reddy and his wife in connection with an alleged multi-crore iron ore mining scam. 

The assets, which include a Rs 4 crore flat in Bangalore, a Rs 14 lakh house in Bellary, fixed deposits and cash in bank accounts, were attached by the Enforcement Directorate (ED) earlier this year under the provisions of the Prevention of Money Laundering Act (PMLA). agencies

The central agency had in 2012 registered a case against the minister and undertaken criminal action against him and his wife G Lakshmi Aruna in connection with its money laundering probe into the business operations of M/s Associated Mining Company (Guru Iron Ore mines) based in Havambhavi in Bellary district. The total value of the seized assets is Rs 37,88,66,108.70.

"After careful consideration of the material placed before me, including the FIR, chargesheet filed by the CBI and the submissions by the learned counsels, I am convinced prima facie that the defendants (Reddy and wife) had committed scheduled offences, generated proceeds of crime and ploughed them into properties provisionally attached," the court of the adjudicating authority for PMLA and chairman, K Raamamoorthy, said in its latest order.

The court is the nodal judicial body set up to decide cases of enforcement and money laundering. According to the ED complaint, Reddy and his wife allegedly "made wrongful gains to the tune of Rs 480 crore" in the case and the assets which have been attached constitute the "proceeds of crime" of laundering. The agency took over the probe into the case based on a CBI FIR filed earlier.

  

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Comment on this article

  • shAikh moHd Rizwan, karkala

    Tue, Aug 19 2014

    Dear readers,

    There is some MLA calling from Bihar to eliminate the corrupt leaders in the hands of 'Naxals' or even 'terrorist'.

    I hope this is the only solution in India to get rid of corrupts of their ill wealth.

    Jai hind

    DisAgree Agree Reply Report Abuse

  • yogesh, bombay

    Tue, Aug 19 2014

    Amused to see this "behind bars" pic though it is only Photoshop trick!

    DisAgree Agree [5] Reply Report Abuse

  • Anil R, panjikallu kajebailu

    Mon, Aug 18 2014

    hahaha . Reddy must be laughing loudly by seeing this amount.
    38Cr, is the bill he might be paid for the Helipad charges to go to have biriyani in Hyderabad .

    DisAgree Agree [3] Reply Report Abuse

  • anil, dubai

    Mon, Aug 18 2014

    Dont worry reddy...just wait feku will solve ur problems soon...cbi is in his hands...supreme court judge will be elected by gov.so you gonna have ache din soon...not only you reddy..yeddy..chaddi...feku alll

    DisAgree [4] Agree [5] Reply Report Abuse

  • stan, dubai

    Mon, Aug 18 2014

    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. When Judge knows he is worth much more and demanded RS 500 crore only for bail. Now Government is attaching only 38 cores. This news is good for Comedy night with Kapil?????

    DisAgree Agree [1] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Mon, Aug 18 2014

    Bellary Loot amounts to Trillions of USD and has already embarrassed BJP ...

    DisAgree [4] Agree [13] Reply Report Abuse

  • Vincent Rodrigues, katapadi/Bangalore

    Mon, Aug 18 2014

    This black money and real loot of state resources need to be attached without any hesitation as an eye opener to others too.All the best.

    DisAgree Agree [7] Reply Report Abuse

  • Mangalorian, Mangalore

    Mon, Aug 18 2014

    House worth of 14 lacks...in Bellari..what a joke

    DisAgree Agree [10] Reply Report Abuse

  • Shaan, UAE

    Mon, Aug 18 2014

    Only 38 crores attached for a 10,000 crores scam, this reddys must be laughing. What happened to the island he purchased in USA? What about the money he transfered to Dubai to buy a mall?

    DisAgree [3] Agree [18] Reply Report Abuse

  • VAN , BAJPE

    Mon, Aug 18 2014

    One fine day he will be out and will move freely after all of his cases over. Because of his money power he is fighting for bail.. I am sure he will be granted bail soon...He got money power as well as muscle power.. Once upon a time he was funding BJP and played restaurant politics..
    Pukka Pachava

    DisAgree [1] Agree [17] Reply Report Abuse

  • Hubert D'souza, Mangalore Dubai

    Mon, Aug 18 2014

    Reddy given 50 crores of Diamond Crown To Tirupathi.38 crores is Nothing to him.He Made Baldness entire Bellary Hill

    DisAgree [2] Agree [18] Reply Report Abuse

  • JEMBAR BAPPU, KORAKAMBLA

    Mon, Aug 18 2014

    RS 38 CRORES NOTHING FOR MININIG BARROON GALI JANARDHANA REDDY....
    THEY LOOTED MINING FORTUNE FROM BELLARY IN HUNDREDS OF CRORES... DAYS WILL COME WHERE HE WILL GIVEN BJP KARNATAKA CHIEF

    DisAgree [2] Agree [14] Reply Report Abuse

  • abdulla, india

    Mon, Aug 18 2014

    if reddy can give a diamond studded..crown to the temple then imagine how many cores he must have amassed..in gold.property...assets..in all his family members names..?
    Loot of the nation ..he is worth min. 5,000 cores..
    just multiply the loads on the ship from inception till THE END...the total Tonnage X by the market rate ..
    you get the figure this is no NUCLEAR SCIENCE.
    BUT ALL NAATAK -hog wash...
    fooling the public /janatha.
    Property in others names ....money stashed in foreign banks....
    catch all involved and put them behind bars till every looted money is brought to the exchecker.

    DisAgree [3] Agree [11] Reply Report Abuse

  • Jayanth, Bangalore

    Mon, Aug 18 2014

    Others Mining Tycoons or bandicoots Who looted escaped

    DisAgree [3] Agree [14] Reply Report Abuse

  • G Bhandary, Mangalore

    Mon, Aug 18 2014

    When the govt is taking over Vadra property. I want to see our Feku pseudos reaction that day.

    DisAgree [13] Agree [10] Reply Report Abuse

  • Mohandas Kapikad, Mangaluru

    Mon, Aug 18 2014

    Perhaps Feku Pseudos have not learnt lesson from resent LS elections. People mandate was as a result of what UPA gave to people in last 10 yrs.

    DisAgree [1] Agree Reply Report Abuse

  • PEDDU, MANGALURU

    Mon, Aug 18 2014

    MR.JOSSEY !!
    IT SEEMS THEY HAVE GOT ROUTES OF CONGI

    DisAgree [16] Agree [6] Reply Report Abuse

  • simple, bangalore

    Mon, Aug 18 2014

    Peter, Udupi

    Good observation - She is double than him...!!! (not may be - really)

    DisAgree [1] Agree [5] Reply Report Abuse

  • krishna, karkala

    Mon, Aug 18 2014

    It is a great insult to Reddy.
    They should have attached at least Rs 3800 Crores worth of his assets.

    DisAgree [3] Agree [23] Reply Report Abuse

  • Amith, udupi

    Mon, Aug 18 2014

    sushmaji dekho tumhara beta kya karr raha hai ..

    Please follow Modi speech teach your sons not to rape mother nature and loot ...

    DisAgree [4] Agree [49] Reply Report Abuse

  • PEDDU, MANGALURU

    Mon, Aug 18 2014

    THIS GUY WILL SOON BE RELEASED AND AWARDED A POST IN BJP PARTY

    SARDAR MODIJI WILL NOT FORGET ANYONE IN THEIR BAD TIME

    ACHHE DIN ANEWALE HAIN

    DisAgree [18] Agree [42] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Mon, Aug 18 2014

    Thank God, Afzal Guru and Ajmal Kasab are not alive ...

    DisAgree [6] Agree [36] Reply Report Abuse

  • Francis, Moodbidri / Dubai

    Mon, Aug 18 2014

    What is the use of his wealth? even though he is a billionaire still he is eating from our tax payers money and enjoying his life with govt security!!!

    DisAgree [2] Agree [33] Reply Report Abuse

  • Mann, bangalore

    Mon, Aug 18 2014

    You are missing the bus....
    That's how the Rs.1000\- boys become millionaires\billionaires\ trillionairs usurping public wealth...

    @ Francis, Moodbidri

    DisAgree [2] Agree [8] Reply Report Abuse

  • stan, dubai

    Mon, Aug 18 2014

    Jossey is talking about the plates, cups, saucers, knifes and spoons made of solid GOLD.
    Reddy donated this 30-kg crown to the Lord of the Seven Seas, Venkateshwara, on the occasion of his birth day. Janardhan Reddy Presents Crown worth Rs 45 Crore to Lord Timmappa. He and his wife got may be 100 times of what now Government has attached. Please attach everything he earned from multi-crore iron ore mining scam

    DisAgree [2] Agree [26] Reply Report Abuse

  • Francis, Moodbidri / Dubai

    Mon, Aug 18 2014

    Lootina duddudu Deverna mandegla toppi deeye mage!!

    DisAgree [1] Agree [35] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Mon, Aug 18 2014

    Stan, If I talk about 2 night vision helicopters, 80 room bomb proof house, BJP will hate me ...

    DisAgree [4] Agree [26] Reply Report Abuse

  • Joseph D'silva, udupi

    Mon, Aug 18 2014

    Our sone ki chidia Soniaji is 20 times richer than Reddy according to Forbes. She can buy fleet of Helicopters.

    DisAgree [17] Agree [3] Reply Report Abuse

  • D Bhat, Mumbai

    Thu, Aug 21 2014

    And her son-in-law Vadra must be laughing at 38 crores.. He must be writing checks for 38 crore in 1 day...

    DisAgree Agree Reply Report Abuse

  • Chandrashekar, Mangalore/Mumbai

    Mon, Aug 18 2014

    Hi,
    Use this type of fund for Karnataka development.

    DisAgree Agree [19] Reply Report Abuse

  • bola, mlore

    Mon, Aug 18 2014

    Wow...!!what a learnings...from this (Rs 37,88,66,108.70) now I understand one crore carry 8 digits...:)...

    DisAgree [1] Agree [10] Reply Report Abuse

  • Mann, bangalore

    Mon, Aug 18 2014

    Prabhu, Bangalore

    Are you very sure he spends his days\nights in the prison or he is there only when one of his many cases has come up for hearing?

    DisAgree Agree [10] Reply Report Abuse

  • Prabhu, Blore

    Mon, Aug 18 2014

    Long time MAAN,
    I did not specify sorry , but he is "BEHIND BARS "
    Now your guess is as good as mine which ones ?

    DisAgree Agree [3] Reply Report Abuse

  • HENRY MISQUITH, Bahrain

    Mon, Aug 18 2014

    Our Karnataka state is Politician's Money Bank. What were these politicians worth, before they entered politics? Few if any, disclose it. Deve Gowda was a PWD contractor when he entered politics in late sixties. Any guess what is he and his family members worth now? RV Deshpande was worth about 11 crores in the year 2000 or thereabouts. Now, he is worth over 140 crores. (how that 11 crores wealth came is another question). Barring someone like Suresh Kumar of BJP, who still moves around on scooter, none of the politicians can explain the acquisition of their wealth.

    DisAgree Agree [14] Reply Report Abuse

  • JOY CASTELINO, MOODUBELLE/DUBAI

    Mon, Aug 18 2014

    Rs 38 crore peanut for Reddy brothers!!!!!!

    DisAgree [1] Agree [24] Reply Report Abuse

  • Willy, Mangalore

    Mon, Aug 18 2014

    That's why there is rush to become ministers, its a easy way to make crores. Will any one do social work for you, no, jaha goood waha maki. All those who are working for the government should check what they were at the start and what is their ending income and wealth and property.

    DisAgree Agree [13] Reply Report Abuse

  • Ambrose, Vijaypura

    Mon, Aug 18 2014

    Well said Mr Willy, who is interested in doing social work but in making pots of money. god save us from corruption!

    DisAgree Agree [9] Reply Report Abuse

  • Rajesh Mangalore/Muscat, Mangalore/Muscat

    Mon, Aug 18 2014

    Where is BSY's share? and I surprised about the value of his house in Ballary is only 14 lakhs? How that much low costing?

    DisAgree [2] Agree [22] Reply Report Abuse

  • simple, bangalore

    Mon, Aug 18 2014

    It is thatched big hut but with all modern amenities - no concrete or GOLD used for building that house.....hence the low valuation...

    DisAgree Agree [6] Reply Report Abuse

  • Danish, Udupi/dubai

    Mon, Aug 18 2014

    Kuch Dalme kaala hai...cz these officers who investigating reddy's case also the human beings right?..so think yourself...ishara hi samjdarku kafi hai!!!!!!!

    DisAgree Agree [3] Reply Report Abuse

  • Lulu John vieges , Bajpe Bahrain

    Mon, Aug 18 2014

    He is behind the bats coz of our than home minister capable ,effective and workaholic R. ASHOK
    Vegga

    DisAgree [6] Agree [4] Reply Report Abuse

  • Prabhu, Blore

    Mon, Aug 18 2014

    Are they joking ?
    The cars he owns and the caravan bus plus helicopters are Worth more than 200 CRORES.

    Son of a police constable, empire of Bellary, who owns a mining company in Andhra reportedly into illegal mining in Karnataka and Andhra, is now spending his nights in a prison cell. Irony of life!!

    DisAgree Agree [19] Reply Report Abuse

  • Ranjith Rodrigues, udupi

    Mon, Aug 18 2014

    "Poor Janardhan Reddy". After all, he was the proud financier of Karnataka BJP. He was a powerful magnet for the BJP party like his iron ore...How can we do this to him? It is not fair...

    DisAgree [1] Agree [15] Reply Report Abuse

  • R.Fernandes, Dubai

    Mon, Aug 18 2014

    They forgot to put two zeros after 38.
    Now a days chilli pilli politicians have 38crores in their bags.

    DisAgree Agree [27] Reply Report Abuse

  • ISMAIL K PERINJE, PERINJE.

    Mon, Aug 18 2014

    Now Reddy empire is sinking,he must come out openly to disclose in that ill gotten sources how many "GOLDEN TALWAR" given away(which may cost 2-3 crore)to SUSHMA,NAIDU,NITHIN LKA....

    BJP, in fact formed immediate past govt which was financed by Reddy should be brought to the general public (100crore)Now Reddy nothing to loose and all those enjoyed by Reddy's wealth still enjoying but SOURCE(REDDY)rotting in the jail.

    DisAgree [11] Agree [34] Reply Report Abuse

  • Rajesh Shetty, Mlore Shj

    Mon, Aug 18 2014

    What About Y S Rajashekara Reddy in whos state he got liscence and how many "GOLDEN TALWAR" reached 10 JANPATH through YSR ??? How about Janardhan Reddy's other business ventures with YSR family ?

    You don't want Reddy to disclose that ?

    DisAgree [19] Agree [24] Reply Report Abuse

  • KRPrabhu, Bangalore

    Mon, Aug 18 2014

    Tit for tat!

    DisAgree [16] Agree [8] Reply Report Abuse

  • Mohandas Kapikad, Mangaluru

    Mon, Aug 18 2014

    Also about how many Sonia got through YSR as CM, as they had their business parallel in AP, & then the CM was YSR who gave mining permission.

    DisAgree [14] Agree [5] Reply Report Abuse

  • simple, bangalore

    Mon, Aug 18 2014

    M. Kapikad

    Those Congis are like that only.
    They always blame others taking bribe\pocketing public money\selling illegally iron ore and making crores and crores. They always blame BJP stalwarts\clean guys like JR\BSY who are clean as a whistle. One of these days JR will be out of jail and he should be as he is innocent.

    DisAgree [3] Agree [3] Reply Report Abuse

  • Captain, Mangalore

    Mon, Aug 18 2014

    Janardhana...(Janara dhana) people's money.Lived up to his name.

    DisAgree Agree [21] Reply Report Abuse

  • Captain, Mangalore

    Mon, Aug 18 2014

    38 crores may be BIG money for us but it is just a in the corrupt ocean (peanuts) for him.The CBI should go to the root and extract all his ill-gotten loot of national resources.

    DisAgree Agree [24] Reply Report Abuse

  • KRPrabhu, Bangalore

    Mon, Aug 18 2014

    In India rules are many,agencies for probing corruption cases are many,people engaged in various types of corruption cases are many,types of people engaged in corruption are many,nature of probing methods are many but we very rarely find these people are entering jail for wrng doings.Eg:Robert Wadhra,Lalu Yadav,Purachi Thalaivi J.Jayalalitha,@G famous Raja,CWG famous Suresh kalmady..all these people have lot of assests earned out of fraudalent methods,but today they are out like free birds.Then why this Gali janardhan Reddy is langushing in jail?Why cant he too be allowed to be free like other nortable frauds?Just I cant understand.....

    DisAgree [22] Agree [10] Reply Report Abuse

  • simple, bangalore

    Mon, Aug 18 2014

    KRPrabhu, Bangalore

    It beats me too...
    The law makers take immediate action against any BJP\BJP affiliated persons\organisation without delay and without proper checking too. Mostly crimes are done by other Party members and none of them, like u pointed out here, have been taken to task..
    Why these dadagiri when BJP never gets involved in any kind of criminal activity. They are always blamed for someone else's wrong doings.
    Congis are the real culprits and BJP is slowly getting the hang of things how Congis are going about cheating people.
    Hope it is not contagious....either way..

    DisAgree [8] Agree [2] Reply Report Abuse

  • Joseph F. Gonsalves, Bannur, Puttur / Mangalore

    Mon, Aug 18 2014

    Without Lokayukta Gujarat Treasury empty. Who will probe the Chaaiwaala. Mighty is Right.Black is White. Snooping women for Night.

    DisAgree [2] Agree [18] Reply Report Abuse

  • stan, dubai

    Mon, Aug 18 2014

    In a controversial move, a suspended Gujarat IPS officer, an accused in the Sohrabuddin Sheikh fake encounter killing case who spent four years in jail, has been reinstated by the state's BJP government and given a plum posting. Same way Raddy who is jail for iron ore mining scam will be given ministerial post in short time. Be patient ….. There is a time for everything, and a season for every activity.

    DisAgree [2] Agree [9] Reply Report Abuse

  • Peter, udupi

    Mon, Aug 18 2014

    What about Amma? Remove her from ministry and seize her property also.May be double than hum.

    DisAgree [8] Agree [36] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Mon, Aug 18 2014

    Don't forget the plates, cups, saucers, knifes and spoons made of solid GOLD ...

    DisAgree [10] Agree [57] Reply Report Abuse

  • NISHAR, UAE

    Mon, Aug 18 2014

    'BIG FISH'...

    DisAgree [1] Agree [28] Reply Report Abuse


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Title: Rs 38 crore assets of Janardhana Reddy, his wife attached



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