ACB officials conduct searches at the residence of Panchayat Raj executive engineer B. Sudharshan Reddy at Malakpet in Hyderabad on Tuesday.
Hyderabad: The Telangana State Anti Corruption Bureau unearthed illegal assets worth Rs 10 crore at current market prices from a deputy executive engineer of the Panchayat Raj department in Ranga Reddy district.
The accused, Mr B. Sudharshan Reddy, working in Moinabad sub division, was arrested and produced in court.
ACB sleuths conducted simultaneous raids on his residence and that of his relatives and friends. ACB director general J. Purnachandar Rao said Sudharshan Reddy had acquired 11 acres and 10 guntas of agricultural land, two houses, four flats and 11 house sites. He had also invested `22 lakh in the Kavita Raj Apartments in Mansoorabad.
The seized assets include a ground plus first floor house in Asmanghad worth Rs 9.8 lakh, a ground plus first floor house at Lingojiguda worth Rs 32.10 lakh, three flats at High End Homes Apartments in Serilingampally worth `40.2 lakh, a flat in the Dharmareddy Complex in Dilsukhnagar worth `20 lakh, two acres of agricultural land at Kanagal in Nalgonda district, agricultural land of eight acres and 40 guntas at Janampet in Mahbubbnagar worth `18 lakh, a plot in Hayathnagar in RR district worth `2.68 lakh, two plots in Lingojiguda worth `20.4 lakh, two plots in Rock Town Colony, Mansoorabad worth `1.06 crore, a plot at Kothuru in Mahbubnagar worth Rs 1 lakh, three plots at Jedcherla worth `49,500, a plot in Saraswathinagar worth `4.17 lakh, a plot in Vanaparthi, gold ornaments weighing 956 gm worth `20 lakh, `1.66 lakh, `23.36 lakh in bank accounts, LIC policies worth `3.52 lakh, a Ford car, a Maruti car and electronic gadgets.
“The documented value of the above properties is approximately Rs 3.41 crore. The market value of the properties is approximately Rs 10 crore,” said DGP Purnachandar Rao.
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