Bayram Cigerli Blog

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"Bellary Reddy's loot of people of Karnataka & Andhra", "Curse of Goddess Suggalamma"

The Reddy wealth is mind-blowing. In just 2009-2010, the Reddys' illegal export empire generated revenue of Rs 4,635.86 crore as per the Lokayukta report, with no major investment or labour on their part. About 12.7 million tonnes of illegal iron ore was exported across the world, including China, Brazil and east Asian countries, as well as to front companies set up by the Reddys in Singapore and Hong Kong. The Reddys' ore business got its initial boost due to demand from China (2002 onwards), but it soon found other markets, going for Rs 5,500 a tonne, generating as Janardhan Reddy himself said, Rs 5 crore per day.

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