ACB unearths Rs 20 cr assets linked to MEPMA official | Hyderabad News


ACB unearths Rs 20 cr assets linked to MEPMA official
ACB unearths Rs 20 cr assets linked to MEPMA official

Hyderabad: Anti-Corruption Bureau (ACB) on Tuesday unearthed disproportionate assets estimated to be worth over Rs 20 crore during simultaneous searches at 10 locations linked to Nallaguntla Yadagiri Rao, additional director of the Mission for Elimination of Poverty in Municipal Areas (MEPMA).The searches were carried out by the ACB’s Rangareddy Range team at Rao’s residence in Uppal, his office, bank lockers and properties suspected to be linked to his relatives, associates and alleged benamis in Hyderabad and Suryapet.During the searches, the ACB officials identified 12 plots in Hyderabad, Suryapet and Nalgonda districts, two flats in Uppal, a G+3 building with a penthouse in Uppal, a house in Suryapet district and a commercial shop in Uppal.The officials also detected substantial movable assets, including six gold ornaments weighing 1.79 kg and silver ornaments weighing three kg. In addition, they found two four-wheelers, including a Toyota Fortuner, three two-wheelers, household articles valued at Rs 29 lakh, electronic gadgets worth Rs 7 lakh and bank balances totalling Rs 32.3 lakh.According to an ACB official, the total document value of the properties and assets identified so far is approximately Rs 4.75 crore. However, their estimated market value is understood to be over Rs 20 crore.Apart from the properties and valuables identified during the searches, the ACB is also examining Rao’s investments in and ownership of an electrical transmission equipment company and a rubber company operating in the city.A case has been registered against Rao under Sections 13(1)(b) read with 13(2) of the Prevention of Corruption Act.In an official statement, the ACB alleged that Rao had amassed assets through corrupt practices and dubious means. It said he would be produced before the principal special judge for SPE and ACB cases in Hyderabad for judicial remand. The bureau added that verification of additional assets was still in progress.Meanwhile, the ACB appealed to members of the public to come forward and report any instances of bribery or demands for illegal gratification by public servants. Complaints can be lodged through the bureau’s toll-free helpline 1064 or WhatsApp number 9440446106. The public can also reach the ACB through its Facebook account, Telangana ACB, and X handle, @TelanganaACB.The bureau assured complainants that the identities and personal details of victims and those reporting corruption would be kept strictly confidential.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *