Janardhana Reddy case: CBI court seeks info from Switzerland, Singapore, UAE, Isle of Man

BALLARI: In more trouble for Kalyana Rajya Pragati Paksha (KRPP) founder G Janardhana Reddy, a special CBI court has issued a summons to him in a disproportionate assets case and has written to four countries seeking details of his his investments and properties there.

G Janardhana Reddy recently announced his new ‘Kalyana Rajya Pragathi Party’.

Considering the case seriously, special court judge E Chandrakala has written to the judicial authorities concerned in Switzerland, Singapore, the UAE and the Isle of Man seeking their cooperation in the investigation. The CBI had sought the court’s help to seek information about GLA Trading International Pvt Ltd, its bank details, ownership, authorised signatory and other aspects.

Between 2009-10, Janardhana Reddy is accused of illegally selling 7-8 million tons of iron ore and had transactions with different countries. The proceeds of the illegal ore sale are believed to have been parked abroad. The CBI has sought information about the buyers, share-holding details of the company, board of directors and investors, etc. Janardhana Reddy is named as main accused in the case.