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    iron investing

    Indian Mine Baron Charged for Illegal Iron Mining

    Investing News Network
    May. 28, 2013 11:09AM PST
    Base Metals Investing

    Mail India Online reports that Gali Janardhan Reddy and six others were charged in a Bangalore court with alleged illegal mining of iron ore causing a loss of Rs 108 crore to the exchequer.

    Mail India Online reports that Gali Janardhan Reddy and six others were charged in a Bangalore court with alleged illegal mining of iron ore causing a loss of Rs 108 crore to the exchequer.

    As reported in the market news:

    The agency has alleged that Reddy and others entered into a criminal conspiracy during 2009-10 to illegally excavate iron ore from various forest areas in Bellary district and surrounding areas, CBI sources said. 

    Read the full Mail India Online news report here

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