05 September 2011

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Mining Scam CBI arrests Former Minister Janardhana Reddy and Srinivasa Reddy – Bellary

Mining Scam CBI arrests Former Minister Janardhana Reddy and Srinivasa Reddy – Bellary

Media has reported that FIR was registered in 2009.
Why delay of 2 years?
Updated on Monday, September 05, 2011 5.35 PM

A 10 or 11 member CBI team raided the house of Janardhana Reddy in Bellary and Srinivas Reddy's house in Bangalore.

After raids CBI arrested former Karnataka tourism minister and mining baron G Janardhana Reddy on charges of criminal conspiracy and cheating.

In raid CBI found cash of Rs.1.5 Crore and 30KG Gold from Former Minister Janardhana Reddy.

In a raid at Srinivasa Reddy CBI found cash of Rs.3 Crore. I do not know cash was found in Currency notes of Rs. 50 or 100 or 500 or 1000.

CBI has also attached two helicopters owned by Janardhana and also seized several documents related to iron ore export and bank transactions outside the country.

Always make a habit to ask why do we Indians need notes of Rs.500 and Rs.1000 when 70% Indians earn daily Rs.20.

Few years back Reddy donated a diamond studded crown worth over Rs 40-crore to Lord Venkateshwara in Tirupati.

Obalapuram Mining Company (OMC) was set up in year 2001 by by Gali Janardhana, with an initial capital of Rs. 10 lakh.
Year 2003-2004 – OMC showed the turnover of more than Rs.35 Crore.
March 2009, the turnover was R 3,000 crore.

2 Years back former Andhra Pradesh Chief Minister YSR Reddy's died in a helicopter crash.
After that a committee was set up by the Supreme Court to examine illegal mining in Andhra Pradesh. The committee found lot of violations. The committee said that
a mining lease to OMC extended from 2004 till 2017 by the YSR government was illegal.

After the death of YSR, K Rosaiah became the Chief Minister and he suspended OMC's operations and set up CBI inquiry.

What are the allegations on OMC and Janardhana Reddy and Srinivasa Reddy

1. OMC, a very big exporter of iron ore with a mining lease from Andhra Pradesh, exported iron ore of Karnataka origin without getting permits from The Director of Mines & Geology, Karnataka.

2. Reddys are accused of mining deep into the Bellary-Andhra Pradesh Reserve forest area. They are also accused of damaging state-border demarcation area blasting the Sugulamma Devi temple on the border.

3. the allegation is that the total exports of iron ore of Karnataka origin by OMC during 2006-07 to 2010-11 was 71,61,455 MT

4. Fake permits were used to transport ore illegally out of Karnataka in the name of a lease

5. Under invoicing of Iron Ore – Its suspected that the money is kept in tax heaven nations and amount more than Rs.215 Crore

6. Recently submitted Lokayukta report states that Forged permits purportedly issued by the Mines and Geology department of Andhra Pradesh were used for illegal transport of theft iron ore from Hospet, Sandur Bellary and other taluks.

7. Iron ore was illegally extracted and then illegally transported. Excess quantity extracted than permitted.

8. To get forged permits Rs. Rs 1,11,13,394 was paid.

9. In 2008 well established forest check post at interstate border near Bellary (Hagari check post) was removed by then Deputy Conservator of Forests, S.Muthaiya in 2008.

10. The forged permits were used for transporting iron ore to various destinations like Belekeri, Karwar, Goa, Krishnapatnam, Chennai, Mangalore and steel units inside and outside the State.

11. All the government departments become friendly with each other media also say that everyone was on the pay slip of Reddy from office boy to highest top officials and everything was done orally and ignored just like a movie.

12. In 2009 luckily or because of mistake honest officers got appointment in that area and after that magic happened and in they were transferred in a fortnight and the old officers were reposted.

13. It was like government was sleeping, opposition parties were sleeping and everyone was looting.

It’s reported that Reddy got the property of Rs.8000 Crore in span of just TEN years.

Srinivasa Reddy is the managing director of Obulapuram Mining Corporation (OMC) is also arrested by CBI.

Media reported that CBI has arrested and they will be produced before CBI court in Hydrabad.

Janardhana Reddy, along with his brothers Karunakara and Somashekara, owns the Obulapuram mining company which is in Andhra-Pradesh and company main head office is in Bellary.

The Reddy brothers have been indicted in the Lokayukta report on illegal mining in Karnataka.

Lokayukta also indicted them in his report on illegal mining in Karnataka.

Few years back I read that someone was caught for taking bribe and investigative agencies found a diary and in that diary the accused wrote something like this Hey God let me make this month
100 Crore and I will donate you 1 Crore.

Updated on Monday, September 05, 2011 5.35 PM.
Janardhana Reddy and Srinivasa Reddy sent to 14 days judicial custody by CBI court.

Demand Death Punishment or 1000 Years of Jail term for corruption without bail and pardon.

Reality views by sm-
Monday, September 05, 2011

Tags-News Politics Corruption Mining Scam Janardhana Reddy Srinivasa Reddy CBI Raid Arrest Bellary AP Karnataka


Destination Infinity September 05, 2011  

OMG, this is shocking. Just imagine how many govt officials were aiding them. That's what our country has come to, these days! Sadly.

Destination Infinity