ACB raids MEPMA addl director, unearths assets worth over Rs 4.75 cr
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Telangana ACB unearths over ₹4.75 crore in illegal assets after searching 10 locations linked to MEPMA Additional Director N. Yadagiri Rao.
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ACB raids MEPMA addl director, unearths assets worth over Rs 4.75 cr
Hyderabad: The Telangana Anti-Corruption Bureau (ACB) has unearthed assets worth over Rs 4.75 crore during searches conducted at 10 locations in connection with a disproportionate assets case against N Yadagiri Rao, Additional Director of the Mission for Elimination of Poverty in Municipal Areas (MEPMA).
The searches were carried out on Tuesday at the residence, office, bank lockers and properties linked to his relatives, associates and alleged benamidars following allegations that he had amassed wealth through corrupt practices during his service.
According to the ACB, officials identified 12 open plots in Hyderabad, Suryapet and Nalgonda districts, with an official value of Rs 58.63 lakh. The searches also revealed two residential flats in Uppal worth Rs 31.36 lakh and a G+3 residential building with a penthouse in the same area, valued at approximately Rs 2 crore. A senior officer at ACB said other properties included an RCC-roofed house in Suryapet district worth Rs 4.75 lakh and a commercial shop in Uppal valued at Rs 1.06 lakh. Officer said that the actual market value of the properties could be considerably higher than their official valuations.
The ACB also seized details of gold ornaments weighing around 1,792.2 grams, valued at Rs 33.82 lakh, and approximately three kilograms of silver ornaments worth Rs 1.8 lakh.
Among the movable assets identified were a Toyota Fortuner and another car together valued at Rs 73 lakh, three two-wheelers worth Rs 2.8 lakh, household articles valued at Rs 29.08 lakh, electronic gadgets worth Rs 7.01 lakh and bank balances amounting to Rs 32.30 lakh across various accounts. The total value of the assets identified so far stands at Rs Rs 4.75 crore, said senior officer. A disproportionate assets case has been registered against the officer under Sections 13(1)(b) and 13(2) of the Prevention of Corruption Act, 1988, as amended in 2018.
