G Janardhan Reddy granted bail on a bond of Rs 1 lakh on Wednesday, 14 November. The Additional Chief Metropolitan Magistrate in Bengaluru on Tuesday, 13 November, reserved the judgement on Janardhan Reddy's bail application.
Reddy, who was arrested by Bengaluru Central Crime Branch (CCB), in connection with the alleged Ambident Group bribery case, was sent to judicial custody till 24 November.
The CCB Police on Sunday, 11 November arrested mining baron Reddy on charges of money laundering and bribery after grilling him for two days.
Reddy was taken for a medical test and was later produced before a magistrate. He will be held at the Parappana Agrahara Central Prison in Bengaluru till his bail hearing at the sessions court on Monday, 12 November.
G Janardhan Reddy Granted Bail
G Janardhan Reddy granted bail on a bond of Rs 1 lakh. He was arrested by Bengaluru Central Crime Branch in connection with Ambident Group alleged bribery case.
ACMM Court Reserves Bail Orders for Wednesday
The Additional Chief Metropolitan Magistrate in Bengaluru on Tuesday, 13 November, reserved the judgement on Reddy's bail application.
The court will pronounce its judgment on the bail plea on Wednesday, 14 November. The judge also reprimanded the Central Crime Branch for ‘digressing’.
Law Is Finally Catching Up: Prashant Bhushan
Senior lawyer Prashant Bhushan took to Twitter to slam Reddy after his arrest and said that the law is finally catching up.
CCB Officials Search for 3 Men in Connection with Scam
Following the arrest of former Karnataka Minister and mining baron Janardhana Reddy, the Central Crime Branch (CCB) has launched a search for three more people in connection with the alleged cover-up of a ponzi scheme, TNM reported.
Reddy Booked for Cheating, Criminal Conspiracy
Janardhana Reddy has been accused under Sections 420 (Cheating), 120B (Criminal Conspiracy), 201 (Causing disappearance of evidence of offence) and offenses under the Prevention of Money Laundering Act, Bar & Bench reported.
Bail Application Will Be Heard Tomorrow: Reddy's Lawyer
Janardhana Reddy’s lawyer, while speaking to the media said that his bail application will be heard by the court on Monday.
“Today Janardhan Reddy was produced before the Judge and the Court was pleased to accept our bail application on record. Judge has granted time till tomorrow to file objection on the main bail application and the application will be taken tomorrow,” he said.
Reddy Sent to Judicial Custody till 24 November
Janardhana Reddy who was arrested by Bengaluru Central Crime Branch, in connection with Ambident Group alleged bribery case has been sent to judicial custody till 24 November.
Reddy Arrested Despite Cooperating With Investigation: Counsel
Janardhana Reddy’s lawyer told the media that he was arrested despite fully cooperating with the investigation.
“We have faint in the judiciary. we have made no mistake.We have cooperated with the investigating officer to the fullest extent for the past 24 hours. Despite our cooperation, the investigating officer is of the opinion that there are some links that need to be established from the time of investigation and that is why they foud it necessary to arrest him,” he said.
Reddy Being Taken for Medical Examination
Janardhana Reddy is being taken to the hospital for medical examination.
Reddy Arrested on Basis of Substantial Evidence: CCB
Alok Kumar, Additional CP, Central Crime Branch, told ANI that the decision to arrest Reddy was taken on the basis of credible evidence.
“We have taken the decision to arrest him on the basis of credible evidence and witnesses’ statements. We will produce him before the magistrate. We are going to recover the money and give it to the investors,” said Kumar.
Reddy's Close Aide Arrested
Bengaluru Central Crime Branch (CCB) arrests Ali Khan, a close aide of Janardhana Reddy, ANI reported.
Janardhana Reddy Arrested by CCB in Financial Scam
The Central Crime Branch Police arrests mining baron Gali Janardhana Reddy on charges of money laundering and bribery in connection with the Ambident Group scam.
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