What All Was Recovered From Hyderabad Raids That Revealed 100-Crore Assets
NDTV
Rs 40 lakh in cash and dozens of electronic gadgets were also seized in the disproportionate case by the Anti-Corruption Bureau (ACB).
Luxury watches and gold jewellery were among the assets worth Rs 100 crore recovered from a real estate official during anti-corruption raids in Hyderabad. Rs 40 lakh in cash and dozens of electronic gadgets were also seized in the disproportionate case by the Anti-Corruption Bureau (ACB).
Shiva Balakrishna, secretary of Telangana State Real Estate Regulatory Authority (TSRERA) the former Director of Hyderabad Metropolitan Development Authority (HMDA), had amassed crores by allegedly facilitating permits for numerous real estate companies, alleged the ACB.
The searches were being held in 20 locations including his and his relatives' houses and offices. The raiding teams have combed through the offices of the HMDA and RERA too. Mr Balakrishna's home and other key locations linked to the probe were also raided.
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