DA case: ACB books REDCO engineer, seizes assets worth Rs 27.65 crore
The Telangana Anti-Corruption Bureau has registered a disproportionate assets case against TGREDCO Divisional Engineer Mutyam Venkata Ramana and seized properties, deposits, gold, vehicles and liquor worth Rs 27.65 crore during simultaneous raids in Hyderabad.
Hyderabad: The Telangana Anti-Corruption Bureau (ACB) registered a disproportionate assets (DA) case against Mutyam Venkata Ramana, Divisional Engineer of the Telangana Renewable Energy Development Corporation (TGREDCO), Khairatabad, Hyderabad, and conducted simultaneous searches at his residence, office and seven other premises linked to his relatives, associates and alleged benami holders on Wednesday.
During the searches, ACB officials unearthed four residential flats in Serilingampally and Kukatpally valued at Rs 1.23 crore, a G+3 commercial building at Anjaneya Nagar, Kukatpally worth Rs 1.82 crore, and a G+5 commercial building at Guttala Begumpet valued at Rs 2.90 crore. They also found bank deposits of Rs 52.02 lakh, 2,094 grams of gold ornaments valued at around Rs 40 lakh, three vehicles worth about Rs 45 lakh, and household articles and electronic gadgets worth approximately Rs 30 lakh.
The investigation further revealed that substantial investments had allegedly been made through four construction firms registered in the name of the officer’s wife. The firms had constructed 10 residential apartments at Anjaneya Nagar, Moosapet, with an estimated investment of Rs 20 crore. The ACB said the market value of the properties is expected to be significantly higher than their official valuation. The total value of assets detected during the current searches was estimated at Rs 27.65 crore.
During the raids, officials also seized 20 liquor bottles, including 19 foreign liquor bottles and one IMFL bottle, valued at around Rs 2.5 lakh. A separate case has been registered by the Madhapur Excise Department.
The ACB said Mutyam Venkata Ramana had earlier been arrested in December 2019 while serving as Divisional Engineer (Technical), Cyber City Circle, Hyderabad, in a trap case for allegedly demanding and accepting a bribe of Rs 25,000. Searches conducted then resulted in the seizure of Rs 26.52 lakh in cash and gold ornaments worth Rs 22.60 lakh.
According to the ACB, the grand total value of assets linked to the officer, including those detected during the earlier case and the latest searches, has been estimated at Rs 28.14 crore.
The officer will be produced before the Principal Special Judge for SPE and ACB Cases, Hyderabad, for judicial remand. Further investigation is underway.
