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AP chief engineer found in possession of Rs 6cr assets; held

Press Trust of India  |  Amaravati 

The Anti- Corruption Bureau (ACB) today unearthed assets worth over Rs 6 crore belonging to a chief engineer.

The accused, Bhumireddy Jagadishwar Reddy, currently working on deputation as chief engineer of AP Education Welfare and Infrastructure Development Corporation, has been arrested, ACB Director General R P Thakur said in a press release.

The officer hails from Mahbubnagar district of

The Central Investigation Unit of ACB discovered huge fixed and movable assets in Jagadishwar and his kin's name. Some benami (proxy) properties were unearthed in Hyderabad, Mahbubnagar and other places, he said.

In all, raids were conducted on the properties in Hyderabad, and other six places, while four lockers were yet to be opened, the official said.

The assets so far unearthed included a posh independent house in worth Rs 1 crore, two more houses in Mahbubnagar district, a commercial complex, two flats, tens of acres of agricultural land, 250gm of gold, 10kg of silver articles and Rs 12 lakh in postal savings bonds, the DG said.

Investigation into the case is continuing and more assets are expected to be discovered once the lockers are opened, the release added.

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

First Published: Mon, April 17 2017. 22:22 IST