APCPDCL official found with assets worth Rs three crore: ACB
Anti-Corruption Bureau said searches at the office and residences of an official of Central Power Distribution Company here have revealed that he possessed assets worth Rs 1.16 crore.
Hyderabad: Anti-Corruption Bureau on Wednesday said
searches at the office and residences of an official of
Central Power Distribution Company here have revealed that he
possessed assets worth Rs 1.16 crore.
Market value of assets could be over Rs 3 crore, it said.
S Chittaranjan, an Assistant Divisional Engineer with the
Andhra Pradesh Central Power Distribution Company Ltd
(APCPDCL), allegedly owns two flats in Hyderabad, 5 plots at
Maheswaram, and 7.2 acres of agricultural land at Mahaboobabad
Mandal of Warangal district.
The searches also unearthed Rs 10,75,000 in cash, gold
ornaments worth about Rs 7,06,000, investments in Gangotri
Developers of Rs 25,00,000, one Swift car, and fixed deposit
The total "recorded" value of assets possessed by the
officer is about Rs 1,16,35,000. The market value of these
assets would be more than Rs 3 crore, an ACB release said
Searches are in progress and the officer will be arrested
and produced before Special Judge for ACB cases, Hyderabad,
the release said.