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Thu, Feb 22, 2018 | Last Updated 6:14 pm IST

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Rs. 5 Crore worth Assets seized from Excise Official

Rs. 5 Crore worth Assets seized from Excise Official
Rs. 5 Crore worth Assets seized from Excise Official
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

Hyderabad sources have made a statement that ACB arrested a senior official of prohibition and excise department here for amassing assets worth Rs5 crore disproportionate to his known sources of income.

Meanwhile according to sources it was stated that the ACB raided the accused A. Srinivasa Reddy's house in Bowenpally and conducted simultaneous searches at several other places in the city including his relative houses in Karimnagar.

Rs. 5 Crore worth Assets seized from Excise Official

Currently the seized assets were Rs.1.60 crore but the market value is estimated about Rs.5.50 crore. During the searches, it is revealed that the Reddy acquired 15 acres of agriculture land, three independent houses and four house plots and other properties including gold, household articles and electronic gadgets in his name and in the names of his family members.

Rs. 5 Crore worth Assets seized from Excise Official
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