NEW DELHI: One of India's most powerful mining barons, whose political clout and
wealth have made him a controversial national figure, was arrested Monday as
investigators raided his offices and seized about $1 million in cash and more
than 66 pounds of gold.
Until recently, the mining baron, Janardhana Reddy, was a kingmaker in the southern state of Karnataka, where his family and allies once dominated important ministries. From his base in the Bellary district, home to some of India's richest reserves of iron ore, Mr Reddy controlled a mining empire in Karnataka and the neighboring state of Andhra Pradesh and made untold millions of dollars exporting ore to China and elsewhere.
Until recently, the mining baron, Janardhana Reddy, was a kingmaker in the southern state of Karnataka, where his family and allies once dominated important ministries. From his base in the Bellary district, home to some of India's richest reserves of iron ore, Mr Reddy controlled a mining empire in Karnataka and the neighboring state of Andhra Pradesh and made untold millions of dollars exporting ore to China and elsewhere.
The Times of India
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