In a surprise move, the absconding mining baron and former Karnataka Minister G Janardhana Reddy appeared before Bengaluru Crime Branch office in an alleged bribery case on Saturday.
Earlier, Janardhan Reddy has released a video in which he requested that he was wrongly implicated in the case. He also pleaded his innocence in the Ponzi scam. In the video, Reddy also rejected the claim by Police that he was absconding. Giving a surprise to everyone, soon Reddy reached at the Bengaluru Crime Branch office.
Reddy is under the scanner of Bengaluru Crime Branch for his alleged link with Syed Ahmed Fareed who is accused of running a Ponzi scheme. Syed Ahmed Fareed, who is being investigated by the Enforcement Directorate for the 600 crore scam, has claimed that he paid Rs 18 crore to Reddy for “help” in settling the ED case. Based on this allegation, the Bengaluru police is hunting for Janardhan Reddy.
According to the police, Fareed allegedly cheated around 15,000 people to the tune of Rs 600 crore through his company Ambidant Marketing Finance Ltd by promising them 40-50% interest on investment. After a complaint was filed against him by some members of the public last year, raids had been conducted on his offices and residences by the Enforcement Directorate earlier this year and his bank accounts were frozen.
Meanwhile, Bengaluru police commissioner T Suneel Kumar said that officials came across a particular transaction of Rs 18 crore while investigating Fareed’s affairs. Upon investigation it was found that the money was transferred from Ambidant to Ramesh Kothari, who runs a bullion business called Ambika Jewellers. Upon being questioned, Kothari said he had given 57 kg of gold to Ramesh, who runs Rajmahal Jewellers, and he revealed that he, in turn, had handed over the gold to Reddy’s assistant Ali Khan, T Suneel Kumar explained.
According to the police, Fareed said he paid the amount because he was promised by Reddy and others that they would “help him out” with the ED’s case. Some meetings have taken place between Reddy, Ali Khan and Fareed, police said.
Police have already arrested Fareed and Ramesh of Rajmahal Jewellers. Kothari is being questioned by the police.