Former Home Secretary and the prime accused in Emmar scam, B. P. Acharya was in limelight for owning a second floor in Surana House in Khairatabad.
Mr. Acharya’s son Nikhil Acharya was gifted the second floor, measuring 4,808 sq.ft by his grandmother Manjeet Rakkar.
They also acquired third floor in Surana House at half the price.
Mrs.Rakkar paid Rs.45 lakh and got the property registered in her name on June 30, 2004. Within two years she purchased the third floor, again paying Rs.45 lakh and she gifted both the floors to her grandson Mr. Nikhil Acharya.
The Ministry of Personnel website, which lists the property returns of IAS officers, shows that Mr.Acharya declared as his lone asset a house in Marredpally. His wife, an IAS officer too, Mrs.Ranjeev R. Acharya declared two more assets, 2.5 acre agricultural land and 0.25 acre in Punjab.
Neither Mr.Acharya nor his wife mentioned the two floors in their annual property returns (present market value will be more than Rs.1.5 crore).
Recently, the government took a stand in the case involving DGP V. Dinesh Reddy and another officer Umesh Kumar, that the property acquired by the kin of the officers through their own income need not to be disclosed.
The High Court turned down the argument and said all assets should be declared.
When asked about the omission of the Khairatabad property from the list, a senior official from the Ministry of Personnel said, several officials do not disclose the properties registered in their children’s name if they are majors.
their own income need not be disclosed. The HC, however, turned down this argument and said all assets should be declared.