ED attaches Janardhana Reddy's OMC mine assets worth Rs 884 crore
The Enforcement Directorate (ED) has attached assets worth Rs.884 crore of the Obulapuram Mining Company (OMC) of former Karnataka minister and jailed mining baron G Janardhana Reddy under the Prevention of Money Laundering Act (PMLA).
The ED investigated violation of the PMLA by OMC on the basis of the first information report (FIR) registered by the anti-corruption branch of the Central Bureau of Investigation (CBI) under the Indian Penal Code (IPC) and various other statutory acts in 2011.
The CBI also filed a chargesheet against Reddy and others in December 2011 in its special court under various sections of the IPC and the Prevention of Corruption Act, 1988.
Reddy has been in jail since September 2011 as the main accused in the OMC case for illegally mining in Andhra Pradesh and in Karnataka. His bail applications were rejected by the Andhra Pradesh High Court and the Karnataka High Court.