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Vol. XLVIII · No. 134 · Established 1978 · Founded by K.B. Ganapathy
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Rs. 600 crore investment fraud case: Mining baron Janardhana Reddy gives cops the slip in Hyderabad

Bengaluru/Ballari: A day after the Bengaluru Central Crime Branch (CCB) Police said that they were investigating former Minister G. Janardhana Reddy’s possible role in “bailing out” Syed Ahmed Fareed in an Enforcement…

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Published November 9, 2018 · 2 min read
rs. 600 crore investment fraud

Bengaluru/Ballari:  A day after the Bengaluru Central Crime Branch (CCB) Police said that they were investigating former Minister G. Janardhana Reddy’s possible role in “bailing out” Syed Ahmed Fareed in an Enforcement Directorate (ED) case involving a Rs. 600-crore Ponzi scheme, three special teams on Thursday landed in Hyderabad in search of the elusive mining baron.

By evening, one team got a tip that Reddy was at a close friend’s apartment near Banjara Hills, but by the time the Police reached there, he had vanished, investigators said.

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