ACB unearths Rs 20 cr assets linked to MEPMA official
The officials also detected substantial movable assets, including six gold ornaments weighing 1.79 kg and silver ornaments weighing three kg. In addition, they found two four-wheelers, including a Toyota Fortuner, three two-wheelers, household articles valued at Rs 29 lakh, electronic gadgets worth Rs 7 lakh and bank balances totalling Rs 32.3 lakh. The searches were carried out by the ACB’s Rangareddy Range team at Rao’s residence in Uppal, his office, bank lockers and properties suspected to be linked to his relatives, associates and alleged benamis in Hyderabad and Suryapet.
However, their estimated market value is understood to be over Rs 20 crore. Apart from the properties and valuables identified during the searches, the ACB is also examining Rao’s investments in and ownership of an electrical transmission equipment company and a rubber company operating in the city. 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