Official cache of “corrupt” Telangana Rera: 70 acres, Rs 40 lakh in cash, and expensive watches
HYDERABAD JAN 25 : On Wednesday, Anti-Corruption Bureau investigators apprehended a high-ranking government official who was purportedly in possession of assets valued at many crores of rupees. When ACB investigators searched the homes and workplaces of Shiva Balakrishna, the former HMDA d Balakrishna is the Hyderabad Metro Rail Limited’s planning officer and the secretary of the Telangana State Real Estate Regulatory Authority (Rera).A complaint of excessive assets has been filed against the officer in question. Watches, cash, and jewelry discovered at the homes of Rera officials Illegal assets include a Puppalguda home, 70-acre farmland in several districts, Hyderabad plots, cash of Rs 40 lakh, gold jewelry, wrist watches, and automobiles. The searches went on until the wee hours of the night. Bank lockers and other premises are also being inspected by officials.irector of planning, they discovered disproportionate assets valued at Rs 20 crore.
It is thought that the ACB investigators have taken large sums of money, papers related to real estate, fixed deposits, and stock market shares.
According to ACB joint director YVS Sudheendra, 17 locations connected to the former HMDA official were searched concurrently by 14 special teams. These locations included his Puppalguda mansion, his relatives’ homes in Ghatkesar, as well as other locations in the city and Warangal.
“We carried out the searches in response to severe charges against the accused official and discovered disproportionate assets with a documented worth of ₹5 crore. The market worth of these assets would be roughly ₹20 crore,” Sudheendra said.
According to ACB officials, Balakrishna was employed by HMDA from 2018 to 2023. The joint director stated, “There were accusations of corruption against him when he was in HMDA.”
“Benamis” of the accused official own the majority of the assets. An ACB official stated, “We are closely examining the documents to determine whether the aforementioned property owner has accurate records of revenue to support the assets in his name. The joint director stated that on Thursday, Balakrishna will appear in court.
