Ponzi scam case: Mining baron Janardhana Reddy arrested

Mining baron and former state minister Gali Janardhana Reddy was on Sunday arrested by the Central Crime Branch in the Rs 600 crore fraud case. The CCB probe revealed that Reddy and his aide Mehfuz Ali Khan received 57kg gold worth Rs 18 crore from Ambient Marketing to 'negotiate' with ED officials to go easy against its promoter Syed Ahmed Fareed.

from Times of India https://ift.tt/2z3BWVf