The ACB claimed that the market value of the movable and immovable properties may be many times higher than their document value. (Photo credit: X)
HYDERABAD: The Anti-Corruption Bureau (ACB) on Tuesday said it registered a Disproportionate Assets (DA) case against an additional medical superintendent at Nizam’s Institute of Medical Sciences (NIMS) here and found assets worth over Rs 6.13 crore during searches at his residence and places belonging to his relatives and associates. During the searches, the ACB found documents relating to eight apartments and five open plots, besides bank balances of Rs 41 lakh, Rs 12 lakh in post office deposits, Rs 35 lakh invested in private financial institutions and Rs 29.55 lakh in mutual funds. Gold ornaments weighing about 517.8 grams, three four-wheelers, four two-wheelers and electronic gadgets were also found.
The DA case was registered against N Lakshmi Bhasker, who allegedly acquired assets disproportionate to his known sources of income by indulging in “corrupt practices and dubious means” during his service, a release issued by the Telangana ACB said. As the offence is punishable under the Prevention of Corruption Act, 1988 (as amended in 2018), searches were conducted on Tuesday at his residence and seven other places belonging to his relatives, friends, “benamis” and other associates, it said.
The total worth of the assets was Rs 6.13 crore. Further, it is learnt that he had invested Rs 1.3 crore to purchase a flat which was in dispute before the DRT, besides lending another Rs 1.33 crore to various persons as hand loans, the ACB said. Further verification of additional assets is underway, it said, adding that the case is under investigation. (With inputs from PTI) You Can Also Check: Gold Rate in Hyderabad | Silver Rate in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Hyderabad AQI | Weather in Hyderabad | Petrol Price in Hyderabad | Diesel Price in Hyderabad | CNG Price in Hyderabad | LPG Price in Hyderabad Stay updated with the latest Hyderabad news.
The ACB claimed that the market value of the movable and immovable properties may be many times higher than their document value. Download the TOI App.