Bengaluru
Mining baron and former BJP minister G Janardhan Reddy Saturday appeared before the Karnataka Crime Branch for questioning in connection with an alleged ponzi scam.
The Central Crime Branch unit of Bengaluru police had launched a search on Wednesday for Reddy in connection with a cheating case.
Reddy is alleged to have received 20 crore rupees worth of gold- to help a private firm, Ambident Pvt Ltd, dodge a money laundering case being pursued by the Enforcement Directorate.
Additional commissioner of police (crime) Alok Kumar had said yesterday that Ambident Marketing Pvt Ltd founder-director Syed Ahmed Fareed had approached the former minister Janardhan Reddy for help in dodging investigations launched by ED.
Ambident, a financial services firm, is charged with defrauding over 15,000 people to the tune of over 600 crore rupees through Ponzi schemes.
Earlier, Reddy had released a video in which he said that he was not absconding and was very much in the city. He also rubbished reports that he had fled to Hyderabad or some other city.