The Central Bureau of Investigation (CBI), which has arrested mining baron Gali Janardhana Reddy and the managing director of Obulapuram Mining Company (OMC) BV Srinivas Reddy, seems to have pre-empted yet another political consolidation in South India by the Reddy brothers. According to sources, the Reddy brothers, along with their key aide B Sriramulu, were planning to formally announce a political party in the name and style of BSR Congress. The resignation of Sriramulu from Karnataka assembly is being seen as a prelude to the setting up of the political party.