Don’t miss the latest developments in business and finance.

Sand mining-baron Sekhar Reddy sent to ED custody

Image
Press Trust of India Chennai
Last Updated : Mar 23 2017 | 10:22 PM IST
A court here today granted four days custody of sand mining-baron J Sekhar Reddy and two of his associates to the Enforcement Directorate to probe charges of money laundering.
The Principal Sessions Court after hearing the arguments of the ED and the accused granted custody of four days to the central agency for interrogation.
The accused were under judicial custody when they were produced before the court.
The court said all three accused have to be produced before it on March 27 at 3PM after interrogation.
Reddy, Srinivasulu and Premkumar were arrested on March 20 by the Enforcement Directorate in connection with seizure of Rs 34 crore in Rs 2,000 currency notes.
On December 20, 2016, the ED had registered a case against Reddy and his business partners under the Prevention of Money Laundering Act based on an FIR registered by CBI.
The court directed the ED to allow family members of the accused to visit them once a day. It also directed the Central agency to provide medical care to the accused if needed.

Also Read

First Published: Mar 23 2017 | 10:22 PM IST

Next Story