Assets Of Over Rs 100 Crore Found In Searches At Homes, Offices Of Telangana Official
NDTV
A case of unaccounted assets has been registered against the accused, who is suspected to have exploited his official position to amass massive wealth.
The Anti-Corruption Bureau has uncovered over Rs 100 crore in disproportionate assets allegedly amassed by Shiva Balakrishna, the Secretary of Telangana State Real Estate Regulatory Authority (TSRERA) and the former Director of Hyderabad Metropolitan Development Authority (HMDA).
The ACB's preliminary findings suggest Mr Balakrishna accrued crores by allegedly facilitating permits for numerous real estate companies.
Officials searched several locations across the state, including Mr Balakrishna and his relatives' homes and offices, over allegations that Mr Balakrishna amassed assets beyond his known sources of income.
The searches began at 5 am today and covered 20 locations. They are expected to extend into tomorrow. ACB teams combed through offices of the HMDA and RERA, while Mr Balakrishna's home and other key locations linked to the probe were raided.
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