ACB unearths Rs 1.34 crore illegal assets from government officer

The accused officer has not been arrested yet and the case is under investigation, the release added.

ACB unearths Rs 1.34 crore illegal assets from government officer
HYDERABAD: Telangana Anti-Corruption Bureau ( ACB) today unearthed assets worth about Rs 1.34 crore allegedly belonging to a deputy executive engineer working in Panchayat Raj in Nalgonda district of the state.

Based on a tip-off that V Ravindranath has acquired assets disproportionate to his known sources of his income, a case was registered and simultaneous searches were conducted at his residence besides those of his relatives and associates here today, an ACB release said.

The searches disclosed that the accused officer has acquired and is in possession of a posh ground plus three-storied residence, two residential flats, two housing plots in Shamshabad in the city, three housing plots at Bibinagar in Nalgonda district, a car, 450 grams of gold, expensive household articles and bank deposits of about Rs 5.4 lakh, all worth about Rs 1.34 crore, it said.

The accused officer has not been arrested yet and the case is under investigation, the release added.

Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Politics › ACB unearths Rs 1.34 crore illegal assets from government officer
Text Size:AAA
Success
This article has been saved

*

+