Economy

Anti-Corruption Bureau unearths disproportionate assets from two officials

Anti-Corruption Bureau unearths disproportionate assets from two officials”

Reddy was planning to throw a grand party to his friends and relatives on the occasion of his retirement at a resort overseas and even booked flight tickets for them. While Raghu was taken to Visakhapatnam early Tuesday, produced before the ACB court and remanded in judicial custody till October 9, ACB sleuths arrested the husband and wife duo of Nalluri Venkata Siva Prasad and Chintamaneni Gayatri in the same case in Vijayawada.

The officials also found properties in Visakhapatnam, Chittoor, Hyderabad and at Maharashtra's pilgrim town of Shirdi.

The authorities also conducted raids at the house of his cousin and his relatives.

The Anti Corruption unit recovered Rs 8 lakh in cash and gold jewellery, documents related to ownership of a lodge and duplex bungalow in Shirdi of Maharashtra and seven houses/plots/agricultural land belonging to G Venkata Raghu from eight different locations. Twenty teams from the agency raided multiple properties of GV Raghurami Reddy, the director of town and country planning, and NV Sivaprasad, a Vijayawada Municipal Corporation official.

Speaking to India Today, Anti-Corruption Bureau (ACB) Director General RP Thakur said, "We are carrying out investigation and it's a time taking process".

The market value of the assets confiscated so far has been estimated to be around Rs 500 crore.

15 teams of the ACB carried out search operations in two states since Monday morning.

According to media reports, Sivaprasad was allegedly a benami (conduit) for Reddy, and opened and operated several real estate firms.

"Reddy was arrested under the Prevention of Corruption Act for possessing assets disproportionate to his income, which would be around Rs 1 lakh per month". Officials who carried out raids in Vijayawada claimed that huge amounts of gold and diamonds were stashed in electronics like washing machines.



Like this

Latest


27 September 2017
LG K7i With Mosquito Away Technology Launched In India At ₹7990
Amit Gujral, Chief Marketing Officer, LG Electronics India, said "LG has always been at the forefront of unique innovations". The main feature of the phone is it's Mosquito away technology which uses ultrasonic waves to drive away mosquitoes.

27 September 2017
Brighton's Hemed handed three-match ban
Hemed is Brighton's joint top scorer and his loss is a big blow after boss Chris Hughton failed to sign a striker on deadline day. The incident was missed by match official Andre Marriner but was picked up on video and referred to a panel of former referees.

27 September 2017
BBC unveils an awe-inspiring 5-minute prequel for Blue Planet II
To hear a version of "ocean ( bloom )" without David Attenborough's narration over it, head over here and skip to the 51:22 mark.

27 September 2017
Is the JioPhone Really Free? Fine Print Suggests Otherwise
On Monday, Jio listed down the FAQ's for the security refund of Jio phone and this will definitely upset the Jio 4G Phone users. In a bid to tap consumers in smaller towns and rural areas of the country, Reliance Jio priced the device at Rs 1,500.

27 September 2017
Lebanon's MEA to suspend Erbil flights from Friday-chairman
He said Lebanese and other travellers seeking to come to Beirut can fly through Baghdad or Basra. EgyptAir has three flights a week between Cairo and Irbil.

27 September 2017
Annihilation : a first trailer surreal and stressful for the science fiction thriller
And we've just gotten our first look at it, in this creepy teaser trailer. "That's what we were shooting for", says Garland. The first footage from Annihilation , the new thriller from Ex Machina director Alex Garland , has hit the internet.

27 September 2017
Lady Lucan, widow of Lord Lucan, found dead at her London home
Lord Lucan's bloodstained vehicle was later found abandoned near England's south coast, but he was never successfully traced. A High Court judge granted a death certificate in February past year allowing his son, Lord Bingham, to take over his title.

27 September 2017
Twitter explains why Donald Trump's North Korea tweet won't be deleted
Some Twitter users pointed out the platform's explanation suffered from a lack of internal consistency... Facing criticism that Twitter's most popular tweeter had gone too far, again, Twitter responded.

27 September 2017
Delta to offer free in-flight messaging on all flights
Flights that don't already have the Gogo wifi that was previously available for purchase won't offer free messaging. The effort is part of Delta's multi-billion dollar investment in the "customer experience".

27 September 2017
Vantiv (VNTV) Earning Somewhat Positive News Coverage, Analysis Shows
It worsened, as 57 investors sold EBAY shares while 278 reduced holdings. 48 funds opened positions while 156 raised stakes. EPS breaks down the profitability of the company on a single share basis. 8,038 are held by Bryn Mawr Tru Communication.



Recommended