Had exchanged old jewellery for daughter’s wedding, claims Gali Janardhan Reddy
The much-hyped ‘Rs. 500-crore’ wedding of politician and mining baron Gali Janardhan Reddy’s daughter Brahmani on November 16 in Bengaluru, but of course, received national attention and came under the I-T department’s scanner. However, Reddy is believed to have explained to the department that his family’s old gold jewellery was exchanged for new gold jewellery for the bride, according to a report in The Hindu.
Most of the payments made to the vendors for the lavish wedding of the daughter of former minister were through cheques, initial investigation by the Income Tax Department has found.
The wedding venue was designed to look like a scene from the Vijayanagar empire, designed by a film art director on 35 acres of land at the Bangalore Palace grounds. The guests were brought in chartered jets.
While, the Reddy family claimed the wedding cost about Rs. 30 crore, media reports estimated the cost to be around Rs. 500 crore.
The I-T department had sent out notices to Reddy and the vendors, following which Reddy’s chartered accountant submitted details of the wedding expenditure on Wednesday.
Sources in the department reportedly said the bills revealed there were very few cash transactions and the actual cost “may have been much lower than speculated”. Their initial estimates suggest the cost was about Rs. 25 crore.
However, they hastened to add that they would have a clear picture only after the final assessment.
He is also believed to have sought more time to provide further details on the jewellery.
After verification of all records and bills submitted by former minister G. Janardhan Reddy and vendors for the wedding, the Income Tax Department is expected to arrive at a final figure on the expenses incurred over the next couple of weeks.
Sources said a few more bills were to be submitted.
Reddy had appeared before the I-T sleuths on November 25 and sought time for submission of bills.
Sources said actor Saikumar, who was given the contract to replicate a temple in Hampi at the Palace Grounds, and other arrangements, also appeared before the I-T Department last Friday, and submitted bills.