Monday, November 29, 1999

ACB raid on govt official, assets worth over Rs 1.63 cr seized

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Hyderabad, Jun 18 (PTI) Anti-Corruption Bureau today allegedly unearthed disproportionate assets worth over Rs 1.63 crore allegedly belonging to a Deputy Zonal Manager of Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIICL). The agency has registered a case of disproportionate assets against K Gopal Reddy, Deputy Zonal Manager, Shamshabad Zone of APIICL in Ranga Reddy district. Searches at his residential and office premises in Hyderabad unearthed movable and immovable assets worth over Rs 1.63 crore allegedly belonging to him and his family members, an ACB release said here. Their value, however, could be more than Rs five crore, the release added. The immovable assets include two houses, one flat and eight land plots. The searches also yielded Rs 96,000 in cash, four gold biscuits, gold and silver ornaments and two cars, among other things, it said.

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