Press Esc to close
Monday 27 March 2017
News updated at 12:31 AM IST

Note ban: ED arrests Sekhar Reddy, 2 others in PMLA case

Chennai, Mar 21, 2017, (PTI)
Reddy and his two associates, K Sreenivasulu and P Kumar, were later produced in a court which sent them to jail till March 28, they added.

Reddy and his two associates, K Sreenivasulu and P Kumar, were later produced in a court which sent them to jail till March 28, they added.

The ED has arrested sand mining baron J Sekhar Reddy and his two alleged associates in connection with a money laundering case registered post demonetisation.

Officials said the three were arrested yesterday under provisions of the Prevention of Money Laundering Act (PMLA) after they were called for questioning by the Enforcement Directorate (ED) here.

Reddy and his two associates, K Sreenivasulu and P Kumar, were later produced in a court which sent them to jail till March 28, they added.

Reddy was earlier arrested by the CBI too in the same case of alleged black money generation post demonetisation and was out on conditional bail. The ED too had arrested two other people in this case --Mahavir Hirani and Ashok Jain in December last year.

The agency had filed a criminal complaint against Reddy and others based on a CBI FIR in the case which was registered after the I-T department first searched his and his associates' premises in November, 2016.

The I-T department has made one of the biggest detection of alleged unaccounted income of over Rs 142 crore in this case with the seizure of Rs 34 crore in new notes, post demonetisation.

The Reddy case and the other involving Delhi-based lawyer Rohit Tandon are being probed by at least four agencies-- the ED, the Income Tax department, the CBI and Delhi Police, and are considered the two most high-profile black money cases being investigated in the aftermath of the notes ban.

Go to Top

Photo Gallery
MDMK chief Vaiko interacts with Tamilnadu farmers during a protest at Jantar Mantar in New Delhi...

MDMK chief Vaiko interacts with Tamilnadu farmers during a protest at Jantar Mantar in New Delhi...

Administrative officers and people together take the oath for National Mission...

Administrative officers and people together take the oath for National Mission...

Bollywood actor Alia Bhatt visits a dance academy in Mumbai on Saturday...

Bollywood actor Alia Bhatt visits a dance academy in Mumbai on Saturday...

Folk artists perform at a cultural event in Chikmagalur on Saturday...

Folk artists perform at a cultural event in Chikmagalur on Saturday...

The three woman Rotarians Meenakshi Aravinth, Mookambika Rathinam and Priya Rajpal...

The three woman Rotarians Meenakshi Aravinth, Mookambika Rathinam and Priya Rajpal...

Spirited Indian cricket fans waving the tricolour during the second day of last Test match...

Spirited Indian cricket fans waving the tricolour during the second day of last Test match...

Industrialist S K Birla honours Infosys Foundation chairperson Sudha Narayana Murthy...

Industrialist S K Birla honours Infosys Foundation chairperson Sudha Narayana Murthy...

Austria's Stefan Kraft, the overall winner, kisses the trophy at the World Cup Ski Jumping final...

Austria's Stefan Kraft, the overall winner, kisses the trophy at the World Cup Ski Jumping final...

Prime Minister Narendra Modi addresses an event organised at the residence of Union I & B Minister..

Prime Minister Narendra Modi addresses an event organised at the residence of Union I & B Minister..

People look at floral tributes in Parliament Square, London, Sunday, March 26, 2017, laid out...

People look at floral tributes in Parliament Square, London, Sunday, March 26, 2017, laid out...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523