AP: ACB unearths assets of over Rs 1 cr from account officer

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Press Trust of India Hyderabad
Last Updated : May 16 2014 | 7:09 PM IST
Anti-Corruption Bureau (ACB) has unearthed assets worth over Rs 1 crore allegedly belonging to a Junior Account Officer working in the Northern Power Distribution Company of Andhra Pradesh Limited (APNPDCL) office at Nizamabad district.
Simultaneous searches were conducted by the ACB officials at the residence of Padala Sattaiah in Nizamabad and also at his relative's house yesterday.
The searches have yielded assets worth Rs 1.07 crore, an ACB release said here today.
During the searches, documents of 10 plots, Rs 89,000 in cash, one car and two bikes among other valuables to the tune of Rs 1,07,00,000 were unearthed, it said.
Investigations are underway to determine whether the assets are disproportionate to his known sources of income.
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First Published: May 16 2014 | 7:09 PM IST

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