Thursday, September 15, 2011

Gali Janardhan Reddy Biography:G Janardhan Reddy Mining billionaire king of Mining

Biography of G Janardhan Reddy Mining billionaire king of Mining:

Name - Gali Janardhana Reddy
Date of Birth : 11th January, 1967
Gender : Male
Marital Status : Married
Spouse’s Name - Smt. Lakshmi Aruna
Family : 1 Daughter, 1 son
Father’s Name : Chenga Reddy
Brother: G. Karunakara Reddy, G. Somashekara Reddy

Qualification : SSLC (Secondary School Leaving Certificate) or Class X.

Residence Address : Ashok Nagar, Havambavi, Bellary.

08392-266295 ,94483 50228 (Mbl)

Office Address : No G-2, Parijatha Apartments,
Race Course Road, Bangalore - 01 080-22381331

Media has reported so they are worth Rs.8000 Crore.

G. Janardhana Reddy is a member of the Bharatiya Janata Party.

He is Mine owner and a politician.
He is the owner of Obulapuram Mining Company and CMD of Bramhani Industries Limited.
He was the Minister of Tourism and Infrastructure in the authorities of Karnataka and a Member of the Legislative Council (Vidhan Parishad) based on information from the Bharatiya Janata Party.

He is also the brother of Karnataka Revenue Minister G. Karunakara Reddy and of Bellary MLA G. Somashekara Reddy.

Janardhana Reddy is at the center of the illegal iron-ore mining controversy in the Karnataka government.

He was arrested on Sep'5th 2011 by CBI on charges of Mining irregularities and charges beneath prevention of corruption act.

His father was the police constable and he grew up in Bellary with his brothers.

He was exceptionally close to the former chief minister Y. S. Rajasekhara Reddy and his son Y. S. Jagan Mohan Reddy.
Jaganmohan Reddy is reported to have a business interest in Brahmani Steels.

He donated a diamond-crusted crown in pure gold, estimated to cost Rs. 45 crore, to Lord Balaji at Tirupati.

He started as chit fund agent.
Year 1990 – he started Ennoble India Savings and Investments India and even a revelation daily Ennama Kannada Nadu.

Year 1998 – In 1998, Janardhana Reddy's finance company, Ennoble India Savings, collapsed, leaving unpaid debts of over Rs. 200 crores.

Year 1999 – Congress party did not post the election ticket to loyal Sriramulu,after that Readdy brothers went to BJP.

Same time they came into get in touch with with senior BJP leader Sushma Swaraj as she contested Lok Sabha elections against Congress president Sonia Gandhi.

Sushma Swaraj lost the elections in that elections Readdy brothers helped her lot.

After that Readdy brothers worked very hard for the BJP and thus they began to get the fruits of their hardwork.

In Andhra Pradesh Readdy brothers were with the BJP but properties got close friends of YSR who belong to Congress Party.

Readdy became close friends of YSR son Jaganmohan and they partnered and started
Brahmani Steels in YSR's home town Kadapa.

Year 2001 – Janardhana Reddy set up the Obulapuram Mining Company with an initial
capital of Rs. 10 lakh.

Year 2002 – He became the director

Year 2004 – Because of political fuel and background OMC started to control or take within the duration of the other mining companies and reported a turnover of R 35 crores.

March 2009 – OMC reported turnover of Rs.3000 Crore.

Readdy now controlled AP and they got fine close relations with YSR who was the CM of Karnataka a congress party leader.

Readdy brothers became so powerful in mid 2009 that properties In a compromise with Yeddyurappa, the Reddys additionally forced the removal of a Karnataka minister Shobha Karandlaje and chief secretary (IAS officer) V.P. Baligar.

May 2009 – According to Tehelka : In May 2009, the family spent an estimated Rs 20 crore on a wedding.

June 2009 – They donated a diamond-crusted crown in pure gold, estimated to cost Rs. 45 crore, to Lord Balaji at Tirupati.

September 2009 – YSR died in Helicopter crash.

Supreme Court appointed committee and a central empowered committee of the Supreme Court reported violations and mining from reserved areas etc.

The committee claimed that a mining lease to OMC long from 2004 till 2017 by the YSR government was illegal. The committee suggested that mining be suspended till pillars were erected and boundary posts laid on the neighborhood border.

Congress Government - K Rosaiah in Andhra Pradesh suspended mining by OMC and sought a CBI probe.

The Reddy brothers went to court and got a stay, but that remain was vacated in December, 2010.

former Karnataka Lokayukta Santosh Hegde's report on illegal mining has accused OMC of illegal mining in Karnataka too.

Now CBI has arrested them and CBI court ordered 14 days judicial custody to Readdy brothers.

Updated on Sunday, September 11, 2011

In 2007 Mr. Reddy was given 10,760 acres of government land by the YSR government
For setting up of a Rs. 20,000-crore captive steel plant. Named Brahmani Steels, the plant at Jammalamadugu in Andhra Pradesh's Kadapa district.

In fact plant was never started.

Mr. Reddy was allowed to export all the iron ore that he was exclusively permitted to in the name of the project.

It as well gave another 4000 acres of side yards to Mr. Reddy for developing an airport with the promise of generating 10,000 direct occupations and other one lakh indirect jobs via the two projects.

Mr. Reddy raised Rs. 350 crore by using the yards that he had procured for just
Rs. 18 crore from the YSR government.

He moreover reportedly exported 54 lakh tonnes of iron ore that was meant to be used by the steel plant.

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