Udayavni Special

ACB seize Rs 4.47 cr From real estate company in Hyderabad


PTI, Sep 2, 2020, 12:52 PM IST

Image Source: Twitter

Hyderabad: The Anti-Corruption Bureau (ACB) of Telangana on Tuesday said it has seized ₹ 4.47 crore of unaccounted money allegedly belonging to the former Director of Insurance Medical Services (IMS) and another official.

An ACB release said, “Rs 3.75 crore unaccounted money of former IMS Director Devika Rani and ₹ 72 lakh of ESI Pharmacist Naga Lakshmi, which was invested with a real estate company in Cyberabad area in Hyderabad for purchase of commercial and residential space, was seized from the real estate firm.”

“Both the officers had invested this “unaccounted” money towards the purchase of six residential flats and about 15,000 square feet of commercial space in the names of their family besides Devika Rani also invested ₹ 22 lakh in the name of benamidars,” it said.

The agency further said it has also identified another ₹ 2.29 crore amount which was paid through cheques and online transfers through various sources to purchase the property and the same is in the process of seizure.

“Both the officers who were already arrested in the Disproportionate Assets case were released on bail by a special court for ACB cases,” it said.

In December 2019, the ACB had said it has unearthed assets worth over ₹ 23.14 crore, allegedly belonging to Devika Rani, who was earlier arrested in an alleged scam in the supply of drugs.

“The market value of these assets could be approximately ₹ 100 crores,” the ACB had said.

The ACB probing the alleged multi-crore scam in the supply of medicines to dispensaries and hospitals here has already arrested over 20 people including the then Director of IMS DevikaRani, some IMS officials, and others since September 2019. Rani’s husband P Gurumurthi, a retired Civil Surgeon, was also arrested by the agency.

The state government has already suspended Devika Rani and other officials.

Top News

K’taka Law Min JC Madhu Swamy tests COVID-19 positive

Davanagere: Elderly agri trader’s defiance against bandh enforcers goes viral

Indian economy to contract 11 pc in FY21: ICRA

Pakistan’s Opposition leader Shahbaz Sharif arrested in money laundering case

Sandalwood drugs case: Court rejects Ragini and Sanjjana’s bail application

History will remember PM Modi and CM BSY as ‘Ravanas’ who killed Farmers: Siddu

Pakistan opens fire along LoC; soldier injured




Related Articles More

Kerala CM Vijayan calls all-party meet on Covid-19 situation

Naxal killed in encounter with police in Chhattisgarh’s Bijapur district

Bharat Ratna for SP Balasubrahmanyam; Andhra CM writes to Centre

‘Itni shakti hame dena daata’ songwriter Abhilash dies at 74

Govt extends ban on Khaplang faction of NSCN

MUST WATCH

Karnataka bandh evokes lukewarm response in Bajpe, Ujire and Belthangady

Success Story of Udupi Farmer | Satisfaction in Agriculture

Pro-farmer Organizations Protests over farm bills in BC Road And Moodbidri

Mangaluru: Pro-farmer Organizations Protests over farm bills

Poor response to Karnataka Band in Udupi district

Latest Additions

K’taka Law Min JC Madhu Swamy tests COVID-19 positive

Kerala CM Vijayan calls all-party meet on Covid-19 situation

Watch: Tewatia imitates Sheldon Cottrell’s salute after RR’s win over KXIP

Naxal killed in encounter with police in Chhattisgarh’s Bijapur district

Davanagere: Elderly agri trader’s defiance against bandh enforcers goes viral

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.