Secunderabad: The Anti-Corruption Bureau (ACB) on Wednesday registered a case of Disproportionate Assets (DA) against Assistant Commissioner (Distilleries), Prohibition and Excise Department A Srinivasa Reddy. The ACB during raids at his residence and nine other locations in the city and Karimnagar found assets worth more than a crore.
The team led by DSP V Ravi Kumar found assets worth Rs 1.68 crore, which include moveable and immovable assets. However, the market value of these assets is believed to be about Rs 5.5 crore. The other assets amassed by the Excise official include 3.5 acres of land in Medak and 13 acres in Karimnagar, apart from flats and houses. The search operations which were started early in the morning at his residence in Bowenpally and six other places including, his office and residences of his relatives in the city continued till the evening. The search was also conducted in three other locations in Gopalraopet and other locations in Karimnagar and documents were seized.
Meanwhile reacting to the allegations, Srinivas Reddy who was appointed as Excise Inspector in 1997 said that most of the property was inherited by him from his father and other family members. He also refuted that he had any direct dealing with the tender process in allocation of shops, which could have provided him a chance to amass wealth. “I do not have any benami properties. I am constructing a house, with proper permission now. Some officials have developed grudge against me and complained against me,” he said in his defence.