₹6.87 crore worth assets unearthed in ACB raids against Tahsildar

Notably, the Anti-Corruption Bureau (ACB) on Thursday identified assets worth an estimated ₹6.87 crore, along with ₹4 lakh in cash, during searches linked to a disproportionate assets (DA) case against a Tahsildar working as a Divisional Administrative Officer at the Ibrahimpatnam RDO office.

Key points

• The properties identified during the searches included two residential flats at Karmanghat, including one semi-finished flat, valued at ₹2.63 crore, a G+3 penthouse spread over 233 sq.
• Srinivas Reddy had invested ₹86 lakh as his share in Narendra Bar and Restaurant at Balapur in partnership with others.
• He will be produced before the Principal Special Judge for SPE and ACB Cases at Hyderabad for judicial remand.
• The officer had additionally availed himself of a gold loan by pledging 46 tolas of gold with a bank.
• The ACB remarked a disproportionate assets case had additionally been registered against Mr.

Meanwhile, the case was registered against Desani Srinivas Reddy by the ACB's Rangareddy Range on allegations that he acquired assets disproportionate to his known sources of income through corrupt practices and dubious means. ACB authorities conducted searches at his house, office and five other locations belonging to relatives, associates and others.

For context, the properties identified during the searches included two residential flats at Karmanghat, including one semi-finished flat, valued at ₹2.63 crore, a G+3 penthouse spread over 233 sq. Yards at Karmanghat in Saroornagar, valued at ₹1.61 crore, 10 acres and eight guntas of agricultural land at Nallavelly village in Yacharam mandal, valued at ₹25.50 lakh, and eight open plots in various parts of the city and its outskirts valued at ₹62.84 lakh.

Meanwhile, the agency additionally identified that Mr. Srinivas Reddy had invested ₹86 lakh as his share in Narendra Bar and Restaurant at Balapur in partnership with others. The ACB remarked the market value of the properties was anticipated to be higher than their official value.

In practice, the officer had additionally availed himself of a gold loan by pledging 46 tolas of gold with a bank. Further verification is underway to identify any extra assets.

Notably, the ACB remarked a disproportionate assets case had additionally been registered against Mr. When he was working as a Mandal Revenue Inspector in the office of the Tahsildar, Maheshwaram mandal, srinivas Reddy on December 14, 2009.

He will be produced before the Principal Special Judge for SPE and ACB Cases at Hyderabad for judicial remand. The case is under investigation.

For now, ₹6.87 crore worth assets unearthed in ACB raids against Tahsildar remains the part of the story worth watching, and further updates are likely as more details are confirmed.