ACB unearths disproportionate assets worth over Rs 1.25 crore

On a tip off, the officials conducted searches at various places including the office of Engineer A Srinivasa Reddy at Hyderabad and Ramagiri village in Nalgonda district.

Last Updated: Dec 15, 2010, 21:34 PM IST

Hyderabad: Sleuths of the Anti-Corruption
Bureau (ACB) on Wednesday unearthed disproportionate assets worth
over Rs 1.25 crore here belonging to a Deputy Executive
Engineer at the Office of Commissionerate of tenders.

On a tip off, the officials conducted searches at various
places including the office of Engineer A Srinivasa Reddy at
Hyderabad and Ramagiri village in Nalgonda district, ACB
sources said.

During the searches it was found that Srinivasa Reddy was
in possession of disproportionate assets which include one
house and a flat at posh Banjara Hills area here and 4.6 acre
of agricultural lands at Karmanghat, Maheshwaram, Venkatapur
and Kanagarakal in neighbouring Ranga Reddy district, an
official said.

The searches also yielded 1.36 kg of gold ornaments,
1.75 kgs of silver and cash worth over Rs 16 lakh and Rs 58
lakh bank balance at five separate places, he said.

PTI