Hyderabad | ACB Raids MEPMA Additional Director, Unearths Assets Worth Rs 4.75 Crore

The Freedom Press

Hyderabad, Nov 3: The Anti-Corruption Bureau (ACB) has unearthed assets worth Rs 4.75 crore allegedly accumulated through corrupt practices by Syed Yadagiri Rao Nallagunta, Additional Director of the Mission for Elimination of Poverty in Municipal Areas (MEPMA), following searches at 10 locations across Telangana on Tuesday.

The ACB conducted searches at the officer’s residence, office, bank lockers and properties linked to his relatives, associates and alleged benamidars as part of a disproportionate assets investigation.

According to the ACB, officials identified 12 open plots in Hyderabad, Suryapet and Nalgonda districts, with an official value of Rs 58.63 lakh. The searches also revealed two residential flats in Uppal valued at Rs 31.36 lakh, along with a G+3 residential building with a penthouse in the same locality, estimated at around Rs 2 crore.

Other properties included an RCC-roofed house in Suryapet district valued at Rs 4.75 lakh and a commercial shop in Uppal worth Rs 1.06 lakh. The bureau noted that the market value of the properties could be substantially higher than their official valuations.

The ACB also identified gold ornaments weighing approximately 1,792.2 grams, valued at Rs 33.82 lakh, and silver ornaments weighing around three kg, worth Rs 1.8 lakh.

The assets further included a Toyota Fortuner and another car collectively valued at Rs 73 lakh, three two-wheelers worth Rs 2.8 lakh, household articles valued at Rs 29.08 lakh, electronic gadgets worth Rs 7.01 lakh and bank balances amounting to Rs 32.30 lakh.

The total value of assets identified so far stands at Rs 4,75,61,171, or approximately Rs 4.75 crore, the ACB said. Verification of additional assets is still in progress.

A disproportionate assets case has been registered against the officer under Sections 13(1)(b) and 13(2) of the Prevention of Corruption Act, 1988, as amended in 2018.