1 week ago
ACB Raids Ibrahimpatnam Tahsildar Over Alleged Rs 100 Crore Assets
The Anti-Corruption Bureau is investigating a government revenue official named Desani Srinivas Reddy.
It alleges that he acquired more property and wealth than his known income could explain.
Officials searched his home, office and several other places.
They found documents linked to flats, land, plots and a business investment.
They also reported finding cash, bank money, gold, vehicles and household items.
The official value of his assets was listed as Rs 6.87 crore.
Investigators estimated that the assets could be worth about Rs 100 crore on the open market.
The case is still being investigated, and he is expected to be presented before a court for judicial remand.
The Anti-Corruption Bureau registered a disproportionate-assets case against Desani Srinivas Reddy.
ACB officials searched his residence, office and five locations linked to relatives and associates.
Properties listed included flats, a penthouse, agricultural land and eight open plots.
Officials reported seizing cash, bank funds, gold, vehicles, household goods and electronic gadgets.
His registered assets were valued at Rs 6.87 crore, while their open-market value was estimated at around Rs 100 crore.
- Who
- The Anti-Corruption Bureau and Desani Srinivas Reddy, a Tahsildar working as Divisional Administrative Officer at the Revenue Divisional Office, Ibrahimpatnam.
- What
- The ACB registered a disproportionate-assets case and conducted searches linked to Srinivas Reddy.
- Where
- Srinivas Reddy’s residence and office, along with five other locations in and around Hyderabad linked to relatives and associates.
- When
- The searches were conducted on Wednesday; the article does not specify the date.
- Why
- The ACB alleges that he acquired assets disproportionate to his known income through corrupt practices and dubious means.
Key facts
- Official under investigation
- Desani Srinivas Reddy
- Registered asset value
- Rs 6.87 crore
- Estimated open-market value
- Around Rs 100 crore
- Cash seized
- Rs 4 lakh
- Bank balance found
- Rs 8.60 lakh
- Gold ornaments
- 680 grams, valued at around Rs 5.85 lakh
- Business investment
- Rs 86 lakh share in Narenadar Bar and Restaurant at Balapur
Sources
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