Based on a tip-off that V Ravindranath has acquired assets disproportionate to his known sources of his income, a case was registered and simultaneous searches were conducted at his residence besides those of his relatives and associates here today, an ACB release said.
The searches disclosed that the accused officer has acquired and is in possession of a posh ground plus three-storied residence, two residential flats, two housing plots in Shamshabad in the city, three housing plots at Bibinagar in Nalgonda district, a car, 450 grams of gold, expensive household articles and bank deposits of about Rs 5.4 lakh, all worth about Rs 1.34 crore, it said.
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