Telangana: 17 yrs after booking DAO, ACB raids yield Rs 60 crore

HYDERABAD: The Anti-Corruption Bureau (ACB) on Thursday conducted raids on the premises of Divisional Administrative Officer (DAO) Desani Srinivas Reddy and his relatives.

Key points

• When he was working as a mandal revenue inspector in Maheshwaram mandal, srinivas Reddy was earlier booked in a disproportionate assets case on December 14, 2009.
• According to the press note, Srinivas Reddy had additionally invested Rs 86 lakh as his share in the Narendra Bar and Restaurant at Balapur, in partnership with others.
• Srinivas Reddy is at present working as the DAO at the Revenue Divisional Office (RDO) in Ibrahimpatnam, Rangareddy district.
• During the searches, authorities identified documents relating to two residential flats, including one semi-finished flat, at Karmanghat, with a document value of Rs 2.63 crore.
• The searches additionally led to the recovery of Rs 4 lakh in cash and bank balances of Rs 8.60 lakh.

Preliminary searches were conducted at his residence, office and five other locations belonging to his relatives, associates and others.

During the searches, authorities identified documents relating to two residential flats, including one semi-finished flat, at Karmanghat, with a document value of Rs 2.63 crore. They additionally identified documents relating to a G+3 penthouse built on a 233-square-yard plot at Karmanghat, valued at Rs 1.61 crore.

Notably, the authorities additionally identified 10 acres and eight guntas of agricultural land at Nallavelli village in Rangareddy district, with a document value of Rs 25.50 lakh, and eight open plots at various locations within the city limits and on the outskirts, valued at Rs 62.84 lakh.

"The market value of the above properties is expected to be much higher than the official value, " the press note stated.

In practice, the searches additionally led to the recovery of Rs 4 lakh in cash and bank balances of Rs 8.60 lakh. Authorities identified 680 grams of gold ornaments, valued at Rs 58.5 lakh, along with three four-wheelers and two two-wheelers valued at Rs 59 lakh. Household articles and electronic gadgets worth Rs 11 lakh were additionally identified.

Notably, the ACB further discovered that he had availed a gold loan by pledging 46 tolas of gold with a bank. Verification of extra assets is under way.

Authorities stated he would be produced before the ACB court in Hyderabad for judicial remand. The case is under investigation.

Taken together, the developments around telangana: 17 yrs after booking DAO, ACB raids yield Rs 60 crore point to a situation that is still moving, and the coming days should bring more clarity.