Rs. 800 crore assets seized after raiding AP transport official houses

April 30, 2016 09:58
Rs. 800 crore assets seized after raiding AP transport official houses

Anti-Corruption Bureau officials, who were raiding AP deputy transport commissioner's houses in the different states since Thursday, found hundreds of crores of illegal assets.

Reportedly, A. Mohan's assets were valued at Rs. 800 crore, at market value. ACB officials, led by its Central Investigation Unit DSP A. Ramadevi, raided houses of the transport official in 9 places of Telugu states and also in Karnataka.

After finding the illegal property, Mohan was arrested and produced in Vijayawada's ACB court. The document value of his properties is Rs 100 crore to Rs 120 crore. ACB officials reported that, several bank lockers of Mohan, were yet to be opened and searched.

The officials informed that, Mohan floated 8 companies in his elder daughter Tejasri's name, just to convert black money into white.

“We could not trace the offices of the companies as per the addresses in the documents,” said Ms Ramadevi. Mohan had recently transferred some property at Bellary in Karnataka to his name from his in-laws’ names.

Speaking on the issue, ACB’s Central Investigation Unit DSP A. Ramadevi said that, during the investigation, the yet to be opened 12 lockers and several other documents in Hyderabad, would also be counted.

Reportedly, Mohan initially refused to allow ACB officials into his house and even threw his mobile phone out. However, it was later discovered by the officials. In the houses of Mohan and his relatives, several precious gems and diamonds and other stones were found.

By Phani Ch

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Tagged Under :
Transport  tax  AP news