Bangalore: Karnataka High Court on Monday granted time till tomorrow to CBI to file additional documents in connection with the bail petition moved by mining baron G Janardhana Reddy, the main accused in the illegal mining case involving Associated Mining Company.
When the petition came up for further hearing before Justice HN Nagamohan Das, he granted time till tomorrow to CBI probing the case, to file additional documents.
Senior counsel for CBI Ashok Bhan, opposing the bail petition, submitted that though the chargesheet has been filed in the case, further investigation is on.
When the court sought to know as to what is the link between the main accused (Reddy) and the various companies which have been chargesheeted, Bhan submitted "it is part of a business transaction involving Rs 3,000 crore where the money has been stashed sway in Singapore, Malaysia and England".
The Enforcement Directorate is also looking into it. "Thirteen companies are involved. All are employees of Janardhana Reddy and his close aide Mehfuz Ali Khan who is also an accused in the case, is a partner".
Terming it as an "economic offence", Bhan submitted "is nothing but loot, plunder of public resource thereby impoverishing the society for enriching himself".
He contended that Reddy had illegally entered into a partnership with the said companies and "did not just confine himself to the mining lease but went beyond..... He constructed a more than 4 km road in the forest area to transport the illegally extracted iron ore".
Bhan submitted that offence committed by the accused "does not come under ordinary jurisprudence but constitutional jurisprudence" and pointed out that the accused was continuously threatening the witnesses.
The court then observed that no material has been placed on record that investigation is continuing and also about the alleged involvement of the 13 companies.
Bhan then sought time till tomorrow to file the additional documents which was granted by the court.
Reddy had approached the High Court after his bail plea was rejected by the CBI court in September.
It may be noted that the bail petitions of his close aide Mehfuz Ali Khan, S Muthaiah, the then Deputy Conservator of Forest (DCF) Bellary district and S P Raju, the then Director Mines and Geology, the other accused in the case have already been rejected by the High Court.