Chennai: CBI arrests mining baron J Sekhar Reddy in Tamil Nadu over an alleged illegal money transaction case.
Following the raid in his premises, the IT department had seized currency notes worth Rs 131 crore, including Rs 34 crore of new notes and 127 kg gold from the TN businessman.
Earlier, on December 11, the IT department had raided the premises of Reddy, following which he was expelled as a member of the Tirumala Tirupati Devasthana. Reddy’s firm, JSR Infra Developers is ranked as a Class One Contractor, which facilitates it to take up big infrastructural projects.
Reportedly, as an after affect of the December 11 raid, the IT department had, on Wednesday, conducted raid at the premises of Tamil Nadu Chief Secretary P Rama Mohana Rao.
Reddy has been sent to CBI custody till January 3.