Indian Mine Baron Charged for Illegal Iron Mining

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