He surrendered the Certificate of Registration to the RBI[4][5] as the RBI stated in an advertisement made on the national news paper The Hindu that "M/s Ennoble India Savings and Investment Co.Ltd., having its Registered Office at 6(4), Raghavachari Road, Opposite Radhika Theatre, Bellary -583 101, has violated various provisions of Reserve Bank of India’s Directions relating to acceptance of deposits, investment in approved securities and submission of stipulated returns to the Bank.
At the time, Swaraj had been competing as a Bharatiya Janata Party (BJP) candidate in Bellary against Sonia Gandhi, who belonged to the Indian National Congress, to become the MP.
[7] In 2006, due to the BJP - Janta Dal (Secular) (JDS) coalition government and the efforts of Reddy, B. Sriramulu was made a Cabinet Minister.
[8] However, in later years, Reddy fought with Chief Minister H. D. Kumaraswamy, and made allegations, and provided evidence of corruption, resulting in his suspension.
On 25 December 2022, Reddy quit BJP and soon announced the launching of a new political outfit called "Kalyana Rajya Pragati Paksha".
In July 2011, the Lokayukta of Karnataka, Santosh Hegde, published a report on the illegal mining activities in the Bellary region.
The rule of the iron ore mafia under his command was called the "Republic of Bellary" in which no external control or governance mechanism had any effect.
Brahmani married a 23-year-old MBA graduate who hails from a family operating gold mines in South Africa, Tanzania and granite marble businesses in Turkey.
This investigation is the culmination of a recommendation to the Income Tax Department and CBI by the former Andhra Pradesh chief minister K. Rosaiah and is not directly related to the findings of Karnataka Lokayukta Santosh Hegde.
[35] Once the CBI Court heard the lawyers' representations, he along with his brother-in-law, B. V. Srinivas Reddy, was remanded to judicial custody and sent to Chanchalguda Central Jail.
[37][38][39] On 4 August 2012, a CBI court extended the judicial custody of Janardhana Reddy and four others arrested in the illegal mining case until 7 September.