You are here: Home » PTI Stories » National » News
Business Standard

ACB unearths Rs 8 crore assets from arrested sub-registrar

Press Trust of India  |  Hyderabad 

The Anti-Corruption Bureau (ACB) today unearthed assets worth Rs 8 crore allegedly belonging to a suspended sub-registrar, who was arrested in connection with a land scam, an official said.

This comes a day after assets worth Rs 14 crore allegedly belonging to another suspended sub-registrar were unearthed here by the anti-graft agency.

"Based on credible information, a case of disproportionate assets was registered against Mohammad Yousuf, sub-registrar, Balanagar (under suspension) and simultaneous searches were conducted at his and his relatives residences and 'benamis' in city and other places today," a senior ACB official said.

Yousuf has been arrested by police in the first week of this month for his alleged involvement in the transfer of a land at Miyapur to private persons.

"During the searches, it was revealed that Yousuf acquired properties in his name and in the names of his family members and benamis," the official said.

During the searches, two independent houses, one flat, two housing plots, four acres of agricultural land, one car, two motorcycles, Rs 2.34 lakh in cash, Rs 2.95 lakh in bank deposits and household were unearthed, he said.

"He also found to have invested lakhs of rupees in a firm. The total assets worth Rs 2.86 crore were unearthed during the searches and the open market value of the properties is approximately Rs 8 crore," the official said.

The case is under investigation.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 14 2017. 23:22 IST