A CBI court in Chennai today remanded sand mining baron J Shekar Reddy and four others in judicial custody till January 17 in a fresh case relating to seizure of currency notes from his house. Earlier, Reddy and his associates were arrested on 21 December by CBI in connection with the seizure of 127 kilogram gold and over 170 crore rupees, including new currency notes, from their premises by the Income-Tax department.
The five have been accused of converting the unaccounted cash with the help of unknown public servants of different banks. The CBI court had on December 30 dismissed the bail petitions of the accused. It had also dismissed a petition filed by CBI seeking their custody for interrogation.