2 weeks ago
Telangana ACB Seeks I-T Probe Into Benami Properties
Telangana’s Anti-Corruption Bureau suspects that some officials may have more property than their known income can explain.
It says some of the property may have been put in other people’s names to hide who really owns it.
This is called benami property.
The ACB asked the Income Tax Department to investigate.
Six officials are involved in the cases.
The properties reportedly include land, buildings, investments, and gold.
The alleged assets are valued at more than Rs.100 crore in one account, while another describes them as worth hundreds of crores by market value.
The Income Tax Department has reportedly opened cases under a law that deals with benami property.
The Telangana Anti-Corruption Bureau asked the Income Tax Department to investigate properties allegedly held in benami names.
The request concerns six officials recently raided over alleged disproportionate assets.
The officials include Bheem Reddy, Muthyam Venkata Ramana, Ravinder, Sunkari Narahari Rao, Kommuri Mallareddy, and Mohan Naik.
The alleged assets include land, buildings, investments, and several kilograms of gold ornaments.
The Income Tax Department reportedly registered cases under the Benami Transactions (Prohibition) Act and began investigating alleged illicit assets worth more than Rs.100 crore.
- Who
- The Telangana Anti-Corruption Bureau, the Income Tax Department, and six officials: DSP Bheem Reddy, REDCO official Muthyam Venkata Ramana, HMDA Chief Engineer Ravinder, Land Records Deputy Director Sunkari Narahari Rao, Excise Superintendent Kommuri Mallareddy, and R&B Engineer-in-Chief Mohan Naik.
- What
- An Income Tax investigation into properties allegedly held in benami names and linked to alleged disproportionate assets.
- Where
- Hyderabad, Telangana.
- When
- The ACB made the request after recently raiding the officials; the articles do not specify a date.
- Why
- The ACB alleges that the officials held disproportionate or illicit assets, including property and gold, and sought an investigation into their suspected ownership.
Key facts
- Requesting agency
- Telangana Anti-Corruption Bureau
- Investigating agency
- Income Tax Department
- Officials under investigation
- Six officials, including a suspended DSP, an HMDA chief engineer, an excise superintendent, and an R&B engineer-in-chief
- Alleged assets
- More than Rs.100 crore, described in one report as worth hundreds of crores by market value
- Asset types
- Land, buildings, investments, and several kilograms of gold ornaments
- Legal basis
- Benami Transactions (Prohibition) Act
- Investigation status
- The Income Tax Department reportedly registered cases and began an investigation
Sources
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