ACB raids PR DEE, unearth Rs 2 cr assets
Tirupati, Sept 29 (INN): Anti-Corruption Bureau officials on Wednesday conducted simultaneous searches at residences of K Prabhakar Reddy, Deputy Executive Engineer, Panchayat Raj, Chittoor District and his relatives and unearthed immovable assets including residential house at Padmatipuram, Tirupati, land to an extent of 7.7 acres near International Air Port, Renigunta, worth to the tune of Rs 2 crore.
Movable properties include gold worth Rs 1,03,600, Honda Car 2009 Model worth Rs 5 lakh, Kinetic Honda Motor Cycle worth Rs 40,000, household articles worth Rs 2 lakh, insurance policies worth Rs 4,59,704 and bank and cash balances worth Rs 2,10,000. Thus total assets worth over Rs. 62,00,000 have been unearthed. The accused officer has been arrested.
News Posted: 29 September, 2010