Assets estimated to be crores unearthed during searches on

Image
Press Trust of India Amaravati (AP)
Last Updated : Oct 09 2018 | 9:40 PM IST

Assets estimated to run into crores of rupees, disproportionate to known sources of income of a senior education official, were unearthed during searches on his properties in East and West Godavari districts besides Bengaluru, the state anti-corruption bureau said Tuesday.

The accused officer Myle Prabhakara Rao, who was assistant director in the district educational officers office in Kakinada, was arrested on September 20 while receiving a bribe of Rs 10,000 from an employee, an ACB release said.

In continuation of the investigation into the case, the anti-corruption bureau (ACB) detected huge assets disproportionate to Rao's income, agency Director General R P Thakur said in the release.

Special teams of ACB conducted searches on Rao's properties of Rao in East and West Godavari districts and also Bengaluru Tuesday and found seven vacant sites measuring hundreds of square yards in various places like Bengaluru, Vizianagaram, Kurnool and East Godavari in his name.

He also owned a residential flat in Vizianagaram and a residential building in Rajamahendravaram, the release said.

Three vacant sites and a shop were found registered in the name of Raos wife Vijaya Kumari, it said.

Among other assets, the accused possessed half kilo gold ornaments, 4.11 kg of silver, Rs 6.25 lakh in cash, promissory notes for Rs 6 lakh and bank balances amounting to Rs 1.96 lakh, the release said.

He also owned a car and a two-wheeler, it added.

ACB sources estimate that the value of the assets could run into several crores.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Oct 09 2018 | 9:40 PM IST

Next Story