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- Transport official in Hyderabad arrested as ACB claims to unearth assets valued at Rs 250 crore in 12 simultaneous raids
All relevant property documents have been seized, and further investigation is underway, the ACB said
It is also alleged that he had sizeable fixed deposits as well as gold ornaments and two SUVs in the name of his family and relatives.
The Telangana Anti-Corruption Bureau (ACB) claims to have unearthed assets worth about Rs 250 crore, as per market value, belonging to M Kishan Naik, the Deputy Transport Commissioner of Mahabubnagar, who resides in Hyderabad. Naik has also been arrested.
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Acting on corruption allegations, ACB officials conducted simultaneous searches at 12 locations, including his residence and the houses of his relatives in Nizamabad and Narayankhed.
Kishan was posted at various places in the state, but allegedly built a network of contacts in the real estate business in Nizamabad and Sangareddy and invested money in acquiring huge tracts of land, farms, flats, and stakes in hotels and showrooms, the ACB has alleged.
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It is also alleged that he had sizeable fixed deposits as well as gold ornaments and two SUVs in the name of his family and relatives.
According to ACB director General Charu Sinha, the raids allegedly revealed extensive properties, including 31 acres of land in Narayankhed, 10 acres in Nizamabad, a 50 percent stake in a hotel in Nizamabad, 3,000 square yards of commercial land leased to a furniture outlet, two flats in Ashok Township in Nizamabad, gold ornaments weighing about one kilogram, and bank deposits amounting to Rs 1.37 crore.
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All relevant property documents have been seized, and further investigation is underway, the ACB said.
The bureau had filed a case against Naik for allegedly possessing assets disproportionate to his income. ACB officials said that while the value of seized properties may be around Rs 12-13 crore, the market value of the residential, agricultural, and commercial properties allegedly runs into around Rs 250 crore.
Officials said that the 31 acres of land in Narayankhed in Sangareddy is worth over Rs 60 crore, while a house in Narayankhed and commercial properties in Nizamabad are valued at over Rs 40 crore.
The ACB has booked Kishan under various sections of the Prevention of Corruption Act.
Sreenivas Janyala is a Deputy Associate Editor at The Indian Express, where he serves as one of the most authoritative voices on the socio-political and economic landscape of Telangana and Andhra Pradesh. With a career spanning over two decades in mainstream journalism, he provides deep-dive analysis and frontline reporting on the intricate dynamics of South Indian governance. Expertise and Experience Regional Specialization: Based in Hyderabad, Sreenivas has spent more than 20 years documenting the evolution of the Telugu-speaking states. His reporting was foundational during the historic Telangana statehood movement and continues to track the post-bifurcation development of both Telangana and Andhra Pradesh. Key Coverage Beats: His extensive portfolio covers a vast spectrum of critical issues: High-Stakes Politics: Comprehensive tracking of regional powerhouses (BRS, TDP, YSRCP, and Congress), electoral shifts, and the political careers of figures like K. Chandrashekar Rao, Chandrababu Naidu, and Jagan Mohan Reddy. Internal Security & Conflict: Authoritative reporting on Left-Wing Extremism (LWE), the decline of the Maoist movement in former hotbeds, and intelligence-led investigations into regional security modules. Governance & Infrastructure: Detailed analysis of massive irrigation projects (like Kaleshwaram and Polavaram), capital city developments (Amaravati), and the implementation of state welfare schemes. Crisis & Health Reporting: Led the publication's ground-level coverage of the Covid-19 pandemic in South India and major industrial incidents, such as the Vizag gas leak. Analytical Depth: Beyond daily news, Sreenivas is known for his "Explained" pieces that demystify complex regional disputes, such as river water sharing and judicial allocations between the sister states. ... Read More
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