Telangana ACB Finds Rs.1.50 Cr in Land Records Official’s Bank Locker
An official said two lockers in the name of Rao’s wife were also detected during the raids carried out by the ACB at dozen places belonging to Rao and his benamis after registering disproportionate assets (DA) case
Hyderabad: The sleuths of Telangana Anti-Corruption Bureau (ACB) here on Saturday detected Rs.1.50 crore in one of the lockers belonging to wife of Survey and Land Records Deputy Director S Narahari Rao at Canara Bank in Shahalibanda here.
An official said two lockers in the name of Rao’s wife were also detected during the raids carried out by the ACB at dozen places belonging to Rao and his benamis after registering disproportionate assets (DA) case.
The case was booked against Rao as he acquired assets disproportionate to his known sources of income by indulging in corrupt practices and dubious means during his service.
As part of investigation, the ACB officials opened the locker on Saturday and much to their surprise, they found Rs.1.50 crore in it. After arresting him, the ACB produced Rao before the special court for ACB cases after which the court remanded him to 14 days judicial custody.
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 eight kg of silver were found at Rao’s house.
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.
