Hyderabad: A Tollywood film produced by an I-T officer’s sons who were not having any income during its production led the CBI to nail the officer the Kondapur range in the city.
CBI, Hyderabad, which booked a case under the Prevention of Corruption Act on November 30, conducted searches on Thursday on Boddu Venkateswara Rao alias B.V. Rao and unearthed disproportionate assets to the tune of '2.06 crore which is 212.64 per cent in excess of his known income. Searches were conducted at KPHB and Kondapur.
The CBI said Mr Rao was indulging in corrupt practices in his official work and received huge amount of bribes from assessees. In the FIR, the CBI alleged, “It has come to be known that a film production company in the name of Saptavarna Creations is owned by Mr Boddu Sujan, the first son of the suspected officer and they produced a Telugu film titled I Am In Love.
Second son was hero in the film
The second son, Boddu Kiran was the hero of the film. It was gathered that Rao had ploughed his ill-gotten wealth into the production of the film.”
The CBI said his sons did not have any source of income for producing a film and it was produced by Mr Rao. The film made at a cost of Rs 1.8 crore and was released in 2014. About Rs 20 lakh was used for the audio release, advertisement and theatre booking cost, the CBI alleged.
The CBI calculated his income and other receipts from 2010 to 2016 at Rs 97 lakh approximately. He had expenditure and other payments to the tune of Rs 28.63 lakh and his savings were likely to be Rs 68.38 lakh. Rao had movable and immovable assets valued at Rs 2.78 crore as on October 31 in 2016, of which assets amounting to Rs 3.9 lakh assets, a house at MIG Kukatpally Housing Board Colony, were owned by him before April 1, 2000, the period checked.
He had assets to the tune of Rs 2.74 core as against likely savings of Rs 68 lakh during the period checked, and the CBI estimated the officer’s disproportionate assets at Rs 2.06 crore.
A case has been booked under criminal misconduct by public servant for possession of assets disproportionate to known sources of income under PC Act, stating that there is prima facie information on the commission of cognizable offence. The CBI alleged that he had invested money in different places in his name and in that of his family.
Assets list
First and second floor at KPHB worth Rs 15.3 lakh
Flat at Tranquil Towers, Kondapur, worth Rs 43.38 lakh
Furniture at flat in Tranquil towers worth Rs 2 lakh
Cost of production of film I Am in Love Rs 1.8 crore
Cost of promoting film Rs 20 lakh
Total Rs2.78 crore
Income
Salary from 2010 to 2016 after I-T, PF: Rs 28.9 lakh
Home loan from HDFC: Rs 32 lakh
Collections from the film: Rs 20 lakh
Rental income from property: Rs 6.12 lakh
Total Rs 97.02 lakh
Expenditure
Domestic: Rs 13 lakh
Interest on home loan Rs 90,000
EMIs paid for loan Rs 11.48 lakh
Registration charges Rs 3.2 lakh
Total Rs 28.63 lakh
