Ponzi scheme case: Orders on Janardhan Reddy's bail plea reserved for Wednesday
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Ballari mining baron Janardhan Reddy was arrested by Bengaluru Central Crime Branch, in connection with Ambident Group alleged bribery case, on Sunday.
Additional Chief Metropolitan Magistrate (ACMM) court has reserves bail orders in Janardhan Reddy case for tomorrow, news agency ANI reported.
Ballari mining baron Janardhan Reddy was arrested by Bengaluru Central Crime Branch, in connection with Ambident Group alleged bribery case, on Sunday and was sent to judicial custody until November 24.
Additional CP Crime Branch, Alok Kumar, stated that the arrest has been made on the basis of "credible evidence and witnesses' statements".
#Bengaluru: Additional Chief Metropolitan Magistrate (ACMM) court reserves bail orders for tomorrow in Janardhan Reddy case. He was arrested by Bengaluru Central Crime Branch, in connection with Ambident Group alleged bribery case.
— ANI (@ANI) November 13, 2018
"We will produce him before the magistrate. We are going to recover the money and give it to the investors," Kumar added.
The Central Crime Branch also arrested Ali Khan, Reddy's close aide.