Mining scam: Court attaches Reddy's assets worth Rs 37.86 cr

[email protected] (CD Network)
August 18, 2014

New Delhi, Aug 18: A special anti-money laundering court here has attached assets worth over Rs 37.86 crore belonging to former Karnataka minister and mining baron Gali Janardhana Reddy and his wife in connection with an alleged multi-crore iron ore mining scam.

The assets, which include a Rs 4 crore flat in Bangalore, a Rs 14 lakh house in Bellary, fixed deposits and cash in bank accounts, were attached by the Enforcement Directorate (ED) earlier this year under the provisions of the Prevention of Money Laundering Act (PMLA).

J reddy

The central agency had in 2012 registered a case against the minister and others and undertaken criminal action against him and his wife G Lakshmi Aruna in connection with its money laundering probe into the business operations of M/s Associated Mining Company (Guru Iron Ore mines) based in Havambhavi in Bellary district of Karnataka.

“After careful consideration of the material placed before me, including the FIR, charge sheet filed by CBI and the submissions by the learned counsels, I am convinced prima facie that the defendants (Reddy and wife) had committed scheduled offences, generated proceeds of crime and ploughed them into properties provisionally attached,” the court of the Adjudicating Authority for PMLA and Chairman, K Raamamoorthy, said in its latest order.

The court is the nodal judicial body set up to decide cases of enforcement and money laundering.

According to the ED complaint, Reddy and his wife allegedly “made wrongful gains to the tune of Rs 480 crore” in the case and the assets which have been attached constitute the “proceeds of crime” of laundering.

The agency took over the probe into the case based on a CBI FIR filed earlier.

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News Network
December 15,2025

Mangaluru, Dec 15: Air India Express has announced that it will resume direct flight services between Mangaluru and Muscat from March 2026, restoring an important international air link for passengers from the coastal region.

Airport authorities said the service will operate twice a week—on Sundays and Tuesdays—from March 1. The initial flights are scheduled on March 3, 8 and 10, followed by March 15 and 17, with the same operating pattern to continue thereafter. The flight duration is approximately three hours and 25 minutes.

The Mangaluru–Muscat route was earlier operated under the 2025 summer schedule, with services beginning on July 14. At that time, Air India Express had operated four flights a week before suspending the service.

Officials said the summer schedule will come into effect from March 29, after which changes in flight timings and departure schedules from Mangaluru are expected. Passengers have been advised to check the latest schedules while planning their travel.

The resumption of direct flights to Muscat is expected to significantly benefit expatriates, business travellers and others, further strengthening Mangaluru’s air connectivity with the Gulf region.

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News Network
December 3,2025

arrival.jpg

Mangaluru, Dec 3: A group of Congress workers gathered at the Mangaluru International Airport on Wednesday to welcome AICC general secretary K C Venugopal, but the reception quickly turned into a display of support for Deputy Chief Minister D K Shivakumar.

Venugopal arrived in the city to participate in the centenary commemoration of the historic dialogue between Mahatma Gandhi and Narayana Guru. The event, organised by the Sivagiri Mutt, Varkala, in association with the Mangalore University Sri Narayana Guru Study Chair, is being held on the university’s Konaje campus.

KPCC general secretary Mithun Rai and several party workers had assembled at the airport to receive Venugopal. However, the moment he stepped out, workers began raising slogans backing Shivakumar.

The university programme will be inaugurated by Chief Minister Siddaramaiah.

This show of support comes just a day after Siddaramaiah remarked that Shivakumar would lead the government “when the high command decides.” The chief minister made the comment after a breakfast meeting at Shivakumar’s residence—another public display of camaraderie between the two leaders amid ongoing attempts by the party high command to downplay their leadership rivalry.

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News Network
December 4,2025

Udupi: A 40-year-old NRI from Udupi has reportedly lost more than Rs 12.25 lakh in an online investment scam operated through Telegram.

According to a complaint filed at the CEN police station, Leo Jerome Mendonsa, who has been working in Dubai for the past 15 years in computer accessories sales, maintains NRI accounts in Karkala and Nitte.

On November 12, 2025, Mendonsa was added to a Telegram group called Instaflow Earnings by unknown individuals. Users identified as Priya and Dipannita persuaded him to invest in “Revenue Tasks.” Initially, Mendonsa transferred Rs 1,100 multiple times and received the promised returns, encouraging him to continue.

On November 14, another user, Nishmitha Shetty, directed him to register on a website, digitvisionuoce.cc, and invest Rs 4 lakh in various shares. Over the next few days, he made multiple transfers totaling Rs 12,25,000, including Rs 50,000 via Google Pay, believing the scheme was legitimate.

After receiving the money, the alleged handlers stopped responding, and neither the invested amount nor the promised profits were returned.

The CEN police have registered a case under Sections 66(C) and 66(D) of the IT Act and Section 318(4) of the Bharatiya Nyaya Sanhita (BNS), and investigations are ongoing.

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