(Image source from: Dailyhunt)
ACB Raids On Telangana Excise Official Residence:- Adavalli Srinivasa Reddy, an assistant commissioner of the distilleries wing of the department of prohibition and excise, has been nabbed and assets disproportionate to his legitimate sources of income were unearthed by the Anti-Corruption Bureau (ACB). The unearthed assets have a market value of Rs 5.5 crore.
A case has been registered and Reddy has been produced before the ACB court.
Hyderabad ACB inspector Nageshwar Rao said, “Extensive searches were conducted at 10 properties - seven in Hyderabad, including an office, and three in his native village in Karimnagar district. In his 20 years of service, with a current salary of Rs 70,000, he acquired properties having a market value of Rs 5.50 crore, 1 kg gold, and other movable assets.”
(Video Source: ABN Telugu)
“He illegally collected money in the form of hafta from Indian-made foreign liquor companies, as he was the officer-in-charge of Telan-gana state,” the inspector said.
Before being promoted to the post of assistant commissioner of distilleries, Reddy earlier worked in the Medchal and Kamareddy district as excise Superintendent. “He amassed money through kickbacks from liquor shops,” the inspector said.
The ACB revealed that around 15 acres of agriculture land, three independent houses, four housing plots, and five-storey building that was under construction were acquired by the accused, revealed the ACB.
Assets acquired by A. Srinivas Reddy :
Rs 35.76 lakh Aikya Arcade, a ground plus four-storey independent house at Pet Basheerabad
Rs 25L: Flat at Sai Heavens at Ramarajunagar in Old Bowenpally
Rs 25L: House in his father-in-law’s village
Rs 22L: 220 sq. yard housing plot at Hasmathpet
Rs 17.5L worth 11.1 kg of gold jewelry