ACB raids on Telangana engineer yield assets worth Rs 2.6 cr

The Anti Corruption Bureau today unearthed assets worth about Rs 2.6 crore allegedly belonging to a superintending engineer of Roads and Buildings department in Mahabubnagar district after conducting searches at his residence here and other places.
The market value of the assets is pegged at around Rs nine crore.
A case was registered against B Chandulal on credible information that he has acquired and is in possession of disproportionate assets to his known sources of income, the probe agency stated in a release.
Simultaneous searches were conducted today at his residence here and other places in Warangal, Karimnagar and Mahabubnagar districts, in pursuance of search warrants issued by a local court, it said.

The searches disclosed that the officer has acquired and is in possession of a two-floored house in Warangal, a posh flat here, a four-floored commercial complex in Warangal and a four-floored commercial complex in Khammam, five open plots at Warangal, 7.5 acres of agricultural land in Khammam district, gold ornaments weighing 410 gms worth about Rs 6 lakh, household articles worth Rs 9.6 lakh, net cash of Rs 3.8 lakh, two cars and 2 two-wheelers.
His house at Warangal is yet to be searched and two bank lockers in Warangal are yet to be opened, the release said.
So far it is found that the accused officer is in possession of assets worth about Rs 2.6 crore, whose market value is about Rs 9 crore.

Chandulal has not yet been arrested and the case is under investigation, the release added.