Sekar Reddy faces fresh case, remanded in judicial custody till Jan 17

A CBI court on Tuesday remanded sand mining baron J Shekar Reddy and four others in judicial custody till January 17 in a fresh case relating to seizure of currency notes from his house in Chennai.

The five were formally arrested in the fresh case filed against them by the CBI following which they were sent to judicial remand.

When the defence counsel opposed to it stating that cases havealready been registered against Reddy and others, the CBI submitted that separate cases were filed in connection with the seizure of Rs eight crore from his residence.

Judge Venkatasamy of the 11th CBI court dealing with bank fraud cases sent all of them to judicial custody in the fresh case filed by the investigating agency against Reddy and his associates in connection with the seizure of currency from his house at Venkat Narayanan Road.

Earlier, CBI special judge G Vijayalakshmi had transferred to the 11th CBI court the cases related to arrest of Reddy and others in connection with alleged seizure of over Rs 170 crore, including new currency notes from their premises.

Rs 131 crore cash, including Rs 34 crore in new Rs 2,000 currency, 177 kg gold and property documents worth several crores, were seized from the premises of Sekhar Reddy and his associates Srinivasulu Reddy and Premkumar during the Income-Tax raids on December 8, 2016.