Special Court of CBI adjurned the bail plea of Reddy and four others

Mining baron Shekar Reddy and his associate Srinivasalu arrested on December 21 and CBI had stated in its FIR that the case against them was that the two had exchanged Rs 34 crore as new currency out of the total seized amount.
Yesterday Premkumar, auditor of Reddy and quarry contractors Ratnam and Ramachandran were arrested by CBI.
All five had changed the currency within 24 days from the date the demonetisation was announced (November 8), the FIR stated, they are under judicial custody. They have been charged under IPC 409, 420 and 120B and under 13(1) and (2) of Prevention of Corruption Act.
Special Judge for CBI cases adjourned the bail pleas of the five and CBI’s application seeking their custody to December 27.