Brief by Shorts91 Newsdesk / 05:27am on 25 Jan 2024,Thursday India
The Anti-Corruption Bureau's raids reveal assets exceeding ₹100 crore allegedly amassed by Shiva Balakrishna, Secretary of TSRERA and former Director of HMDA in Telangana. Suspected of exploiting his position, Balakrishna faces charges of facilitating permits for real estate companies. The extensive searches across 20 locations exposed gold, flats, bank deposits, and benami holdings. Seized items include ₹40 lakh cash, 2 kg of gold, 60 high-end wristwatches, property documents, and significant bank deposits. ACB continues investigating bank lockers and undisclosed assets, indicating a prolonged probe into the suspected unaccounted wealth accumulation.
