Sign in

Andhra Pradesh transport office peon caught with assets worth ₹90 crore

Raids revealed he owns 18 flats in Nellore, besides 50.36 acres of agricultural land bought in the name of family members and gold ornaments weighing nearly 2kg, besides huge quantity of silver idols and utensils weighing 7kg.

Published on: May 2, 2018, 23:40:16 IST
Srinivasa Rao Apparasu, Hyderabad, Hindustan Times | By
Share
Share via
  • facebook
  • twitter
  • linkedin
  • whatsapp
Copy link
  • copy link

The Anti-Corruption Bureau (ACB) in Andhra Pradesh on Tuesday arrested an office attendant in the transport department in Nellore for allegedly amassing assets worth nearly 90 crore, police said in a statement.

An official said Karadu Narasimha Reddy told ACB officials that the assets belonged to him and he had not inherited properties from anybody. (Bloomberg)
An official said Karadu Narasimha Reddy told ACB officials that the assets belonged to him and he had not inherited properties from anybody. (Bloomberg)

The day-long raids by ACB officials at the residence of Karadu Narasimha Reddy, 55, an attender in the office of the deputy transport commissioner, revealed he owns 18 flats in Nellore, besides 50.36 acres of agricultural land bought in the name of family members and gold ornaments weighing nearly 2kg, besides huge quantity of silver idols and utensils weighing 7kg, police said. Authorities unearthed insurance deposits worth 1.1 crore and other insurance policies worth 10 lakh. They also found 7.5 lakh cash in the drawer of his office table — all in denominations of 2,000 and 500. Police said they had also opened a couple of lockers in Reddy’s name in a cooperative bank, details of which were still being assessed.

Reddy, who started as an attender in 1984 on 650 salary, currently gets a monthly salary of around 40,000. “He continued in the same post for the last 34 years. He even rejected promotions fearing that he might get transferred elsewhere and he might lose the channels of collecting bribes,” an ACB official said on condition of anonymity.

The official added that Reddy told ACB officials that the assets belonged to him and he had not inherited properties from anybody. Asked how he managed to amass so much wealth, Reddy said he used to get bribes from check posts and also in office. He was also lending money to several people, including public representatives, at high interest rates .

The raids were led by deputy superintendent Rama Devi. “Once we assess the contents of his two bank lockers, maybe they would reveal more assets,” said Andhra Pradesh ACB director general RP Thakur.

Get the latest India News, breaking headlines and real-time updates from across the country. Stay informed about politics, government policies, crime, weather and major national developments.