HYDERABAD: In a startling revelation, the Anti-Corruption Bureau (ACB) has efficiently uncovered belongings price a staggering Rs 100 crore, allegedly amassed by Shiva Balakrishna, the Secretary of Telangana State Actual Property Regulatory Authority (TSRERA) and former Director of Hyderabad Metropolitan Improvement Authority (HMDA).
Alleged Allow Facilitation Scheme Unveiled
Preliminary findings by the ACB level in direction of Balakrishna’s involvement in facilitating permits for quite a few actual property corporations, resulting in the buildup of crores in disproportionate belongings.
Huge Raids Throughout The State
In an intensive operation, ACB officers performed searches at 20 areas, together with the residences and places of work of Balakrishna and his family members. The main target of the raids is on allegations that he amassed belongings past his identified sources of earnings. The search, which commenced at 5 am at the moment, is predicted to proceed into tomorrow.
A case of unaccounted belongings has been registered in opposition to Balakrishna, elevating suspicions that he might have exploited his official place to build up huge wealth.
Numerous Asset Portfolio Seized
The stock of seized objects through the raids is intensive, together with gold, flats, financial institution deposits, and benami holdings, collectively valued at over Rs 100 crore. Notable findings embody Rs 40 lakh in money, two kilograms of gold jewelry, 60 high-end wristwatches, property paperwork, and substantial financial institution deposits. Moreover, authorities confiscated 14 telephones, 10 laptops, and a number of other digital devices.
Ongoing Investigation
Because the ACB sifts by Balakrishna’s financial institution lockers and undisclosed belongings, the investigation is ready to proceed tomorrow. The magnitude of the alleged corruption underscores the necessity for a complete inquiry into the actions of the accused official.
