HYDERABAD: The Central Bureau of Investigation sleuths filed one more case against M. Jaipal Reddy, accountant cum cashier of Telangana Grameena Bank at Aziznagar Moinabad. The fresh case was registered for possessing assets disproportionate to his known sources of income.
The CBI sleuths had conducted searches at the house of M. Jaipal Reddy in connection with the previous case of criminal conspiracy and misappropriation of public deposits. During the search, the officials found Jaipal Reddy possessing assets more than his known sources of income.
The officials found gold, silver and other articles and some property documents. The officials after an audit found that between April 1, 2011 and February 20, 2018, Jaipal Reddy’s and his wife Shalini’s income was '39,65,522 while his assets were valued at '73,38,299. However, CBI officials found that he had acquired assets worth '57, 21,192 and was not giving any satisfactory reply to the officials about the sources.
A case under Preve-ntion of Corruption 1988 was registered against the accused.
