ACB unearths illegal assets worth Rs 20 cr from Nagarkurnool engineer

Hyderabad; Anti Corruption Bureau officials on Thursday unearthed disproportionate assets worth Rs 6 crore in document value, carrying an estimated market valuation exceeding Rs 20 crore, belonging to Nagarkurnool Irrigation and CAD department Deputy Executive Engineer R Satyanarayana. Simultaneous raids began around 6 am across ten locations, including Satyanarayana’s Bairamalguda residence in Hyderabad, where officials thoroughly verified property documents. During extensive searches, ACB sleuths discovered 25 acres of agricultural land alongside a farmhouse in Wanaparthy, and nine open plots registered in the names of Satyanarayana, his wife, and other family members across Hyderabad, Wanaparthy, and Nagarkurnool. Officials also seized 50 tolas of gold ornaments, three four-wheelers, a motorcycle, and documents pertaining to a luxury villa located in Tukkuguda. Having confirmed that the officer accumulated wealth vastly disproportionate to his known income sources, the bureau registered a formal case of amassing illegal assets.

ACB Deputy Superintendent of Police Chalapathi stated that while official seized property records total Rs 6 crore, current market valuations exceed Rs 20 crore. He noted that investigations remain underway as teams continue examining seized real estate documents.

The accused officer was taken into custody for intensive questioning, while investigators prepare to scrutinise his bank accounts and financial transactions.

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The Hans India