Two held in DA case against Hyderabad devp agency official
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)
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.
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.
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