December 30, 2016 4:03 PM

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Court rejects bail pleas of Reddy, associates in notes seizure case

A CBI court in Chennai today dismissed the bail petitions of sand mining baron J Shekar Reddy and four others who were arrested in connection with alleged seizure of 127 kilogram gold and over 170 crore rupees, including new currency notes, from their premises. <br/><br/>The court also dismissed a petition filed by CBI seeking their custody for interrogation. The five are in judicial custody. Reddy and his associates were arrested by CBI on 21st of this month. The five have been accused of converting the unaccounted cash with the help of unknown public servants of different banks.

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