ACB uncovers Rs 4.75 cr assets from poverty elimination officer

ACB officials found documents of immovable properties including 12 open plots situated at various locations in Hyderabad, Suryapet and Nalgonda district.

Hyderabad: The Telangana Anti-Corruption Bureau (ACB) on Tuesday, November 3, uncovered assets worth Rs 4.75 crore from Mission for Elimination of Poverty in Municipal Areas (MEPMA) Additional Director Yadagiri Rao Nallaguntla and registered a disproportionate assets case against him for allegedly indulging in corrupt practices.

Raids were conducted at 10 locations, including the officer’s house, office, bank lockers, and other places belonging to his relatives, associates, and benamidars.

ACB officials found documents for immovable properties, including 12 open plots situated at various locations in Hyderabad, Suryapet and Nalgonda districts, which were valued at Rs 58 lakh. Documents for two residential flats at Uppal, worth Rs 31 lakh and one residential building at Uppal, worth approximately Rs 2 crore, were also found.

One RCC-roofed house in Suryapet worth Rs 4.75 lakh and one commercial shop at Uppal worth Rs 1.06 lakh was also found.

The market value of the above properties is expected to be much higher than the official value.

Gold ornaments weighing approximately 1,792.2 grams and valued at Rs 33.8 lakh, and silver ornaments weighing approximately 3 kg and valued at Rs 1.8 lakh were also found during the raids.

Two four-wheelers (Toyota Fortuner and car) valued at Rs 73 lakh, three two-wheelers valued at Rs 2.8 lakh, household articles valued at Rs 29 lakh and electronic gadgets valued at Rs 7 lakh were also found.

Bank balances in various accounts amounted to Rs 32.3 lakh.

Further verification regarding additional assets is underway. The case is under investigation.