Sekhar Reddy arrested by ED, sent to jail

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CHENNAI: J Sekhar Reddy, Tamil Nadu’s sand mining baron was arrested again on Monday by the Enforcement Directorate (ED) after spending three days outside jail. Sekhar Reddy was questioned on Monday for a few hours by the Enforcement Directorate after which he was arrested. The ED accused him of money laundering after it recovered crores of rupees in banned currency and new notes of Rs. 2,000 during raids on his properties in December last year. A senior official of the Enforcement Directorate said, “Shekar Reddy could not show any plausible income to the 34 crore worth new 2000 rupee notes and 129  kg gold recovered from him”. Srinivasulu and Prem Kumar, Sekhar Reddy’s associates who helped in “laundering money and its conversion to gold have also been arrested, the senior official said.]]>

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