Ambidant Ponzi Scam  

4,800-page charge sheet has been filed in the Ambidant ponzi scam which named Janardhan Reddy and nine others. The Ambidant investment company has cheated people to the tune of more than Rs 500 crore

The Ambidant Ponzi scam case hearing was postponed, but the date for next hearing is not fixed yet

Bengaluru's local court granted conditional bail to Janardhan Reddy in the ED bribe case against Rs 1 lakh bond and surety by two people.

Bengaluru's 1 ACMM court reserved the judgment on Janardhan Reddy's bail plea to Wednesday. He was charged with involvement in Ambidant ponzi scam.

Janardhan Reddy is being produced before the magistrate and cops are not sure if he will be handed over to them or to the judicial custody. But Reddy's close aide Ali Khan is not likely to be arrested because he has obtained bail through sessions court.
 

Four days after the warrant was issued, Janardhan Reddy released a video yesterday (November 10) and said that he was in Bengaluru. Later, he went to the CCB office and was questioned there for 21 hours. Latest reports say he has been arrested by the cops.