Bengaluru, Oct 4: Officials of the Special Investigation Team (SIT) probing the illegal iron ore case, has arrested businessman B V Srinivasa Reddy, who is a close associate for former Minister G Janardhan Reddy.
Mr. Srinivasa Reddy, owner of Sree Minerals, has been charged with forcibly taking over a mining company belonging to N. Shaikh Saab. Mr. Saab, the owner of Indian miners, had taken a lease from the government for undertaking mining activities in Sandur.
Investigations revealed that Mr. Janardhan Reddy, along with his associates K.M. Ali Khan and Mr. Srinivasa Reddy, forced Mr. Saab to hand over 75% of the company ownership to Mr. Ali Khan.
After obtaining the General Power of Attorney, the trio illegally extracted, transported and traded 1,48,383 tonnes of iron ore in a span of six months, from July to December 2009, according to SIT officials. This caused a huge loss to the State exchequer. The other accused in the case have already been booked and arrested by the SIT.
The SIT on Wednesday took Mr. Srinivasa Reddy into custody for further investigation, M. Chandrashekhar, Inspector-General of Police, SIT, said. Mr. Janardhan Reddy and Mr. Ali Khan had already been arrested in this connection and are out on bail.
The SIT had filed over a dozen FIRs agianst Mr. Janardhan Reddy and his associates, which are pending before the Special Lokayukta court. The SIT hopes that this arrest may provide further clarity on the illegal iron ore export case.
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Whether we require such criminal and culprit perosns to rule our country. DOn't spare , send them behind bar
for ever. What ever he may be which ever minister may support dept must take strict action and keep them in prison house . Because of these culprits normal citizens strugling to lead normal life.
Economy fallen , ruppes lost the value what else want ---------------------
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