Reddy & aide grilled by crime branch in B’luru

The Times of India (Mumbai edition) - - TIMES NATION -

Ben­galuru: A day af­ter he was sum­moned by Cen­tral Crime Branch (CCB), for­mer Kar­nataka min­is­ter Gali Ja­nard­hana Red­dyon Satur­day ap­peared be­fore the agency in con­nec­tion with the on­go­ing probe into Am­bidant ponzi scheme, a Rs 600crore fraud.

Pre­lim­i­nary in­ves­ti­ga­tions by CCB had re­vealed that Reddy and his as­sis­tant Me­hfuz Ali Khan had re­ceived 57kg gold worth Rs18 crore from Am­bidant Mar­ket­ing Pri­vate Lim­ited to ‘ne­go­ti­ate’ with ED of­fi­cials to go easy against its pro­moter Syed Ahmed Fa­reed. Am­bidant is un­der scan­ner for col­lect­ing de­posits from the pub­lic by promis­ing high re­turns.

The CCB is­sued a no­tice to the duo on Fri­day, di­rect­ing them to ap­pear for ques­tion­ing on Sun­day. How­ever, Reddy ar­rived at CCB’s of­fice in Chama­ra­jpet around 4pm on Satur­day with his lawyer and Khan. The cops con­tin­ued to grill Reddy till late in the night to as­cer­tain his in­volve­ment in the money trail. Sources said Reddy re­peat­edly de­nied any role in the Am­bidant scam. “But, when DCP Girish showed him a few doc­u­ments, Reddy had no an­swer,” sources said.

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