The Telangana anti-corruption bureau (ACB) on Wednesday found Rs 40 lakh cash and assets worth Rs 100 crore from a house and offices linked to a town planning official in Hyderabad in a disproportionate assets case. The official has been identified as Shiva Balakrishna.
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. Balakrishna’s home and other key locations linked to the probe were also raided.
The anti-corruption bureau said 14 teams conducted searches on premises linked to the official. The searches will continue on Thursday, PTI reported.
The seized assets include gold, flats and bank deposits. The sleuths recovered two kg of gold, 60 wristwatches, 14 phones, 10 laptops and property documents, Hindustan Times reported.
Shiva Balakrishna is the Secretary of Telangana State Real Estate Regulatory Authority (TSRERA) and the former Director of Hyderabad Metropolitan Development Authority (HMDA), NDTV reported.
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The search started at 5 am on Wednesday. The anti-corruption bureau searched his house and offices and other key locations. Several benami properties were also discovered by the sleuths.