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Telangana: Excise officials home raided, Rs 5.5 crore worth assets unearthed

eTelangana.org | Published: 12th October 2017 | Posted Date: Thursday 12th October 2017 07:55 PM

Hyderabad: The Anti-Corruption Bureau (ACB) nabbed Adavalli Srinivasa Reddy, an assistant commissioner of the distilleries wing of the department of prohibition and excise, and unearthed assets disproportionate to his legitimate sources of income. The assets unearthed have a market value of Rs 5.5 crore.

A case was registered and Reddy was arrested and produced before the ACB court.

Hyderabad ACB inspector Nageshwar Rao said, “Extensive searches were conducted at 10 properties – seven in Hyderabad, including an office, and three in his native village in Karimnagar district. In his 20 years of service, with a current salary of Rs 70,000, he acquired properties having a market value of Rs 5.50 crore, 1 kg gold, and other movable assets.

“He illegally collected money in the form of hafta from Indian-made foreign liquor companies, as he was the officer-in-charge of Telan-gana state,” the inspector said.

Reddy previously wor-ked in the Medchal and Kamareddy district as excise Superintendent before being promoted to the post of assistant commissioner of distilleries. “He amassed mo-ney through kickbacks from liquor shops,” the inspector said.

The ACB revealed that the accused had acquired 15 acres of agriculture land, three independent houses, four housing plots, and five-storey building that was under construction.

Assets acquired by A. Srinivas Reddy 
Rs 35.76 lakh Aikya Arcade, a ground plus four-storey independent house at Pet Basheerabad
Rs 25L: Flat at Sai Heavens at Ramarajunagar in Old Bowenpally
Rs 25L: House in his father-in-law’s village
Rs 22L: 220 sq. yard housing plot at Hasmathpet
Rs 17.5L worth 11.1 kg of gold jewellery

 

Courtesy:http://www.deccanchronicle.com/nation/current-affairs/121017/telangana-excise-officials-home-raided-rs-55-crore-worth-assests-unearthed.html

 

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