Hyderabad: Telangana’s Anti-Corruption Bureau (ACB) has recovered assets worth about Rs 100 crore from a top official in the state on Wednesday.
The sleuths of ACB raided simultaneously the premises of S. Balakrishna, Secretary, Telangana State Real Estate Regulatory Authority (TSRERA), and Planning Officer in Metro Rail, leading to the discovery of huge assets.
Balakrishna previously served as the director of town planning in the Hyderabad Metropolitan Development Authority (HMDA).
The searches by 14 teams of the anti-graft body continued throughout the day and are likely to resume on Thursday.
About Rs 40 lakh in cash, 2 kg gold, documents of movable and immovable assets, 60 expensive wrist watches, 14 mobile phones and 10 laptops have been seized so far.
The official’s bank lockers are yet to be opened. The ACB has identified lockers in at least four banks.
The ACB officials have reportedly found cash counting machines at the residence of the official.
He had allegedly amassed wealth ever since he served in the HMDA. The continued searches are likely to unearth more assets.
IANS with edits