Summary:
He also said that the Crime Branch is going to recover the money and return them to the investors. Reddy was questioned for hours in an alleged bribery case in connection with a Ponzi scam on Saturday evening. pic.twitter.com/tQclusCO1q — ANI (@ANI) November 11, 2018The CCB had stumbled on Reddy’s role while probing cheating cases filed against Ambident, a financial services company, for defrauding more than 15,000 people to the tune of more than Rs 600 crore through Ponzi schemes. Karnataka’s mining baron and former BJP minister Gali Janardhana Reddy, who was arrested by the Bengaluru Central Crime Branch in connection with Ambident Group alleged bribery case, has been sent to the judicial custody till November 24 on Sunday. Alok Kumar, Additional CP, Central Crime Branch, said that Reddy was arrested on the basis of credible evidence and witnesses statements and will be produced before the magistrate..