ACB raids on Transport officer,Rs.6 Cr worth assets seized
Written by : SMTV24x7 | Sat, Dec 02, 2017, 10:45 AM
Hyderabad, Dec 2: The Anti-Corruption Bureau (ACB) officials have unearthed disproportionate assets worth about Rs 2.61 crore (Market value about Rs 6 crore) from Paidipala Ravinder, Administrative Officer, Office of Transport Commission, Hyderabad.
On credible information, simultaneous searches were conducted at his residence and 5 other places and unearthed G + 4 building worth Rs 1.35 crore at Sree Venkat Sai colony, Hyderguda village, Rajendranagar Mandal, G+1 house worth Rs 11.56 lakh at Hanmakonda, Warangal District, G+l house worth Rs 12.56 lakh at Naimnagar, Hanmakonda,Warangal, Maruthi S Cross Delta car, worth Rs 12 Lakh, and Maruthi Alto 800 Car worth Rs 4 Lakh.
Two motor bikes, worth Rs 1.51 lakh, Gold jewellery one kg, worth Rs 15 Lakh, net cash Rs 12 lakh, FDR's Rs 35 Lakh, Bank balances Rs 3.15 Lakh , Insurance premiums paid Rs 1 lakh and household articles worth Rs 5 lakh also unearthed.
The document value of the properties was approximately Rs 2.61 crore. Market value of the properties was approximately Rs 6 crore, an official statement here said.