How did mining baron and former Karnataka tourism minister, Gali Janardhana Reddy, go from pauper, to prince, to prisoner in a little under a decade? After his arrest and remand into judicial custody in September, hitherto unknown details of Reddy’s investments and assets in India and overseas are emerging. The amount of wealth discovered at his palatial home in Bellary alone has baffled onlookers.
The raid teams found gold idols of various Hindu gods, weighing many kilos. They seized several gold necklaces; hundreds of gold bangles, many encrusted with diamonds; several hundred pairs of gold earrings, again studded with diamonds; and over a thousand gold rings, many bejewelled with precious stones. A stash of platinum jewellery that has been unearthed is yet to be inventoried. Gold was also uncovered in the foyers and bathrooms of the Reddy ‘palace’. The number of bank lockers maintained by Reddy, his family and their associates in various banks is mind-boggling. Add to this a fleet of luxurious, custom-made cars and choppers. Not to mention the golden chair—reminiscent of the throne of a former Mysore maharajah—that has his initials GJR inscribed as the coat of arms.