Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Hindu
The Hindu
National
The Hindu Bureau

ACB finds additional properties linked to arrested HMDA officer Siva Balakrishna

The officials from the Anti Corruption Bureau (ACB) found additional properties linked to the former planning officer, Hyderabad Metropolitan Development Authority, Siva Balakrishna. The eight-day custody of Balakrishna, 54, ends on February 7.

Officials probing the case said that additional benami properties in Puppalaguda and Nagole have surfaced during the questioning.

“Once we establish these links, we have plans to take his brother, Sunil Kumar, into custody for further probe into the benami properties,” said the officials. Lodged in Chanchalguda jail, Balakrishna is being questioned at the ACB headquarters in Banjara Hills during this court-ordered custody.

On January 24, the ACB officials seized ₹8.26 crore worth of properties following the raids at the residence of Siva Balakrishna and 16 other places.

Though the raids initially unearthed ₹99.60 lakh in cash, 1,988 grams of gold ornaments, six kilograms of silver ornaments, apart from documents relating to movable and immovable properties worth ₹5.96 crore, officials said that the market value of the movable and immovable properties will be much higher than the document value.

In an official release, ACB officials said that the accused acquired assets disproportionate to his known sources of income by indulging in corrupt practices and dubious means during his service. He was booked under Section 13(1)(b) and 13(2) of the Prevention of Corruption Act of 1988.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.