ACB unearths disproportionate assets worth Rs 2 crore

Image
Press Trust of India Hyderabad
Last Updated : Aug 06 2015 | 9:28 PM IST
Anti-Corruption Bureau (ACB) unearthed assets worth about Rs 2 crore allegedly related to a Deputy Commissioner of Commercial Tax Department in Nalgonda district of Telangana, it was officially announced here today.
According to an ACB release, a disproportionate assets case was registered against N Sai Kishore, and simultaneous searches were conducted at residences belonging to him, his relatives and associates.
During searches, a flat, a house under construction, a house plot, agricultural land, a car, a two-wheeler, about a kilo of gold ornaments, 10 kg of silver articles, shares as well as mutual funds worth Rs 10 lakhs, bank balances of Rs 5 lakhs, net cash of Rs 66,000 and household articles about Rs 14 lakh, totally valued at about Rs 2 crore were unearthed, the release stated.
However, Sai Kishore has not been arrested, so far. The case is under investigation, the release stated.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 06 2015 | 9:28 PM IST

Next Story