The CBI today arrested mining baron and former Karnataka minister G. Janardhan Reddy and managing director of Obalapuram Mining Company (OMC) B.V. Srinivas Reddy after conducting raids at their premises.AIR correspondent quoting official sources reports, the two were arrested this morning in Bellary. A CBI team searched Janardhan Reddy’s house in Bellary in the wee hours and seized some documents from his residence. Sleuths also raided the premises of Srinivas Reddy in Bellary and Bangalore.Mr Reddy, who was a minister in the previous B.S. Yeddyurappa government, was among those indicted by the Lokayukta report on illegal mining. The Lokayukta submitted its report to the government on 27th July.There are allegations of irregularities in the mining activities of OMC which is owned by the brothers – G. Karunakara Reddy, G. Janardhana Reddy and G. Somashekara Reddy.The CBI team has taken Janardhan Reddy and Srinivas Reddy to Hyderabad for further questioning. The probe agency’s action comes a day after Reddy’s associate and former Karnataka minister B. Sreeramulu resigned from his assembly seat, protesting against the BJP’s denial to give him ministerial berth and also keeping Bellary Reddy brothers out of the ministry.