Monday, November 21st, 2016

After wedding hungama, IT dept raids Janardhana Reddy’s mining company

Narada Desk | November 21, 2016 3:43 pm Print
Janardhana Reddy, former Karnataka Tourism minister, hosted some 50,000 VIP guests, spending over Rs 500 crore on the wedding of his daughter Bramhani.

After the controversial grand wedding in Bengaluru, the Income Tax department on Monday reportedly conducted raid in Mining baron Gali Janardhana Reddy’s Obulapuram mining company in Bellary.

The Rs 500 crore lavish wedding of Janardhan Reddy’s daughter last week attracted criticism from several corners as the country is scrambling for cash after the demonetisation announcement.

The grand wedding was attended by more 50oo0 guests, including Karnataka Governor Vajubhai Vala, State Home Minister G Parameshwara, Energy Minister D K Shivakumar, Rural Development Minister H K Patil and former chief minister B S Yeddyurappa.

Reports earlier said state I-T department has started probing Reddy’s source of funds and alleged tax evasion after a complaint was filed by Bengaluru-based senior advocate T Narasimha Murthy.

The petitioner had alleged huge tax evasion on Reddy’s part and requested to know his source of income and how he’s funding the marriage.

“Reddy was released from prison in 2015, after serving a five-year jail sentence in illegal mining cases. Besides expensive cars and choppers, Reddy and his wife Lakshmi Aruna’s immovable assets, worth around Rs 70 crore, have been seized,” read a complaint filed by Bengaluru-based senior advocate T Narasimha Murthy.

“Still he has managed to invest crores of rupees in his daughter’s wedding. How can this be possible?” it added.

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