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Assets worth Rs 100 crore found in Telangana official's premises

In Telangana, the Anti-Corruption Bureau (ACB) has reportedly exposed the disproportionate assets amounting to over Rs 100 crore allegedly amassed by Shiva Balakrishna, the Secretary of Telangana State Real Estate Regulatory Authority (TSRERA) and former Director of Hyderabad Metropolitan Development Authority (HMDA). The anti-corruption bureau said 14 teams conducted searches on premises linked to the official. The searches will continue on Thursday.The seized assets include gold, flats and bank deposits.
The search started at 5 am on Wednesday. The anti-corruption bureau searched his house and offices and other key locations.Several benami properties were also discovered by the sleuths.A case of unaccounted assets has been registered against Balakrishna, who is suspected to have exploited his official position to accumulate massive wealth.The inventory of seized items comprises ₹ 40 lakh in cash, two kilograms of gold jewellery, 60 high-end wristwatches, property documents, and substantial bank deposits. Additionally, 14 phones, 10 laptops, and several electronic gadgets have been confiscated.

 


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