More Assets of Narahari Likely to Surface as ACB Set to Open Wife’s Lockers
Two lockers in the name of Rao’s wife were also detected and will be opened in the due course of investigation. The total value of assets detected during the searches is Rs.13.05 crore: ACB
Hyderabad: More properties belonging to Survey and Land Records Deputy Director S Narahari Rao are likely to be detected once lockers in his wife’s name are opened by the Telangana Anti-Corruption Bureau (ACB) soon. The ACB produced Rao before the special court for ACB cases after which the court remanded him to 14 days judicial custody on Wednesday.
The sleuths of ACB carried out raids at dozen places belonging to Rao and his benamis after registering disproportionate assets (DA) case as he has acquired assets disproportionate to his known sources of income by indulging in corrupt practices and dubious means during his service.
During the searches, documents relating to five open plots in Ranga Reddy District, 1.24 acres of agricultural land at Maheshwaram, a residential flat admeasuring 2,500 sq. ft. in a high-rise building at Puppalaguda, two residential flats each admeasuring 1,860 sq. ft. in a high-rise building at Narsingi, and a residential flat admeasuring 1,377 sq. ft. in a high-rise building at Rajendra Nagar were found.
Further, a ground plus three storeyed building at TNGOs Colony in Gachibowli, and a ground plus two storeyed residential building at Chatrinaka were also detected. Net cash of approximately Rs. 1.54 crore, bank balances amounting to Rs.2.29 crore, fixed deposits worth Rs.5.04 crore, gold ornaments weighing about 1.3 kg, and 8 kg of silver were found at Rao’s house.
An official said two lockers in the name of Rao’s wife were also detected and will be opened in the due course of investigation. The total value of the assets detected during the searches is Rs. 13.05 crore.
The market value of the immovable properties is expected to be many times higher than the document value. Further verification of additional assets is underway.
