Gali Janardhana Reddy linked with Jagan in Hawala transactions

1:21 PM, Thursday, September 8th, 2011

Reddy-and-JaganHyderabad: Having gone into a jail at chanchalguda in Hyderabad for crimes committed in Karnataka and Andhra borders in collusion with the former CM of AP and his son (MP) Jagan Mohan Reddy, Gali Janardhan Reddy finds it difficult now to come out of it(jail), like a mining baron who had a mansion to live in as before, since Gali Janardhana Reddy and Jagan Reddy are now exposed to a Hawala rocket involving both as partners in certain transactions.
Janardhana transferred a colossal Rs.247 crore rupees to his own company in Malaysia in the pretext of foreign investment. A Hawala agent received Rs3 crores as Compensatory Commission on the deal, this is proved by documents seized from Gali Janardhana Reddy’s house in Bellary.
An Andhra man, Divakar Reddy owns Gali J.Reddy’s 2 companies of Bellary that ran a Hawala business with PVC Real Estate CO. in Malaysia, CBI discovered.
The money transfers from PVC to Jagathi Publications and then to Red Gold Company further back again to Jagathi in a day, tells its own story, of the same money changing hands from Diwakar to his brother RamaKrishana Reddy, through G.J.Reddy illegally.

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