Telangana Anti-Corruption Bureau today said it has arrested two persons in connection with a disproportionate assets case filed against a top official of the Hyderabad Metropolitan Development Authority (HMDA)
Representational Pic
Telangana Anti-Corruption Bureau today said it has arrested two persons in connection with a disproportionate assets case filed against a top official of the Hyderabad Metropolitan Development Authority (HMDA). The official, K Purushotham Reddy, who is Director (Planning) of HMDA, is currently under suspension.
ADVERTISEMENT
The two, A Yadava Reddy and G Nishanth Reddy, have been arrested for allegedly helping Purushotham Reddy park his ill-gotten money into real estate and construction business, the ACB said. Early this month, ACB sleuths filed a case against Purushotham Reddy for allegedly possessing assets disproportionate to his known sources of income.
The official, who was suspended after the case was filed, is said to be absconding. "A Yadava Reddy and G Nishanth Reddy facilitated K Purushotham Reddy park his ill-gotten money into real estate and construction business. They abetted the offence committed by K Purushotham Reddy," an official release said. An ACB official had earlier said the documentary value of the properties possessed by Purushotham Reddy was over Rs five crore and their market cost could be close to Rs 25 crore.
The content/reporting displayed on our website www.mid-day.com is provided "AS-IS," "AS AVAILABLE, by us from third party, agencies, sources, without any verification from our side. It may contain error, bugs and other limitations. The reader's can rely on the content at their own will. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability, data, text, images, video, messages, or any other material whatsoever or for any claims/loss/action that the reader may suffer as a result of relying on the content on our site. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
Catch up on all the latest Mumbai, National and International news here
Download the new mid-day Android and iOS apps to get updates on all the latest and trending stories on the go
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
