Inspector held for amassing wealth disproportionate to income

Image
Press Trust of India Visakhapatnam (AP)
Last Updated : Jun 22 2016 | 8:42 PM IST
The Anti-Corruption Bureau (ACB) today arrested a police inspector for amassing wealth disproportionate to his known sources of income, an officer said.
The accused, Inspector of Fourth-Town Police Station, K Balakrishna, was arrested after the ACB conducted raids at various places in the district, ACB said.
"Simultaneous raids were conducted at eight places, including five in Visakhapatnam city that includes his house and police station, two places in Vizianagaram and his relative's house at Kovvuru in West Godavari district," DSP of ACB (Visakha Urban) K Ramakrishna Prasad said.
As per ACB's initial assessment, the documents seized from the house of the inspector and from other places, suggest that Balakrishna had amassed wealth to the tune of about Rs 20 crore and some documents in the name of his mother-in-law and family members, he said.
The ACB sleuths seized documents pertaining to his three-storey building at Pothinamallayya Palem, one commercial complex there, a flat measuring 800 sq ft at Sivajipalem, a plot measuring 1,178 sft at Palavalasa, one plot at Narava area, land in his mother-in-law's name at Yendada in Visakhapatnam city, another site at Vizianagaram in his father's name and ten acres farmland at Garividi area in Vizianagaram district.
Bank deposits and investments in insurance schemes worth Rs 5 lakh, 250 gm gold and two kg silver ornaments, were also found by the ACB.
Before being posted at the Fourth-Town Police Station, Balakrishna had served as a Traffic Police inspector of Madhurawada division in Visakhapatnam.
"The raids will continue tomorrow as well," the DSP said.
*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: Jun 22 2016 | 8:42 PM IST

Next Story