[6] The investigation found massive tax evasion and money laundering prompted mass panic amongst the then BJP government in Karnataka.
[8] Officials found that the one-dollar company, GLA Trading International (GLATI), was established on 30 November 2007, with Janardhana Reddy as one of its directors.
GLA, presumed to be named after Janardhana Reddy's wife Gali Laxmi Aruna, has offices in Singapore, Dubai and the British Virgin Islands, which is a `tax haven'.
According to the report, OMC signed the MoU with GLATI to sell iron ore only to evade tax payment in India.
The report details the complete breakdown of democratic governance in the bellary area [13][14] and uncovers the "zero risk system", a protection and extortion racket, masterminded by G. Janardhana Reddy.
This investigation is the culmination of a recommendation to CBI by the former Andhra Pradesh chief minister Rosaiah and not directly related to the findings of Lok Ayukta Santosh Hegde on illegal mining in Karnataka.
It should be recalled that Rosaiah rose to power under the dictatorship of then central congress leadership, who was handpicked by Sonia, after death of then chief minister Mr Raja Sekhar reddy.