Hyderabad, March 21: The Anti-Corruption Bureau (ACB), Telangana, has seized assets and registered a case of disproportionate assets against Arramada Venkat Reddy, Additional Collector (Revenue), Hanumakonda, who is also in-charge District Education Officer & is currently under suspension.
The case was registered after the ACB found that the officer allegedly amassed assets far beyond his known sources of income by indulging in corrupt practices during his service.
According to an official press note dated January 21, searches were conducted at the officer's residence and seven other locations connected to him and his relatives.
During the searches, ACB officials detected several immovable properties owned by the accused and his family members.
These include: Two residential houses (villa and flat): Rs 4.65 crore One commercial shop: Rs 60 lakh Eight open plots: Rs 65 lakh Agricultural land (14.25 acres): Rs 50 lakh Officials stated that the actual market value of these properties is likely to be much higher than the declared value. Additionally, significant movable assets were also seized. These include: Cash: Rs 30.30 lakh Bank balances: Rs 44.03 lakh Three four-wheeler vehicles: Rs 40 lakh Household articles: Rs 11 lakh Gold ornaments (297 grams): Rs 4.35 lakh
The book value of assets identified so far is estimated at Rs 7.69 crore. However, according to the ACB, the market value of seized assets is over Rs 50 crore.
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