Another AP engineer with Rs 100-cr tainted properties in ACB net
Hyderabad/Vijayawada, April. 17 : On a tip-off that Jagadishwar Reddy, Chief Engineer of Andhra Pradesh Education Welfare and Infrastructure Development Corporation has amassed over Rs 100 crore worth movable and immovable properties through corrupt practices, the officials of the Anti-Corruption Bureau conducted simultaneous raids on his houses in Hyderabad and 11 other places, including Vijayawada, Suryapet, Mahabubnagar and Chennai.
Finding a prima facie case, the ACB officials arrested Jagadishwar Reddy immediately. During the searches on his residences, the sleuths detected tainted properties worth over Rs 16 crore so far. They said after completion of the raids and assessment of the value of his properties may exceed Rs 100 crore, which is hugely in disproportion to his known sources of income.
The ACB's discovery of crores worth properties at Jagadishwar Reddy's house comes closely on the heels of arrest of another AP's Engineer-in-Chief Gangadharam with nearly Rs 130 crore worth properties. The sleuths have seized documents related to Rs 16 crore worth properties, which include a property in Chennai, and huge quantities of gold and silver articles. His bank lockers are yet to be opened and raids are going on.
Finding a prima facie case, the ACB officials arrested Jagadishwar Reddy immediately. During the searches on his residences, the sleuths detected tainted properties worth over Rs 16 crore so far. They said after completion of the raids and assessment of the value of his properties may exceed Rs 100 crore, which is hugely in disproportion to his known sources of income.
The ACB's discovery of crores worth properties at Jagadishwar Reddy's house comes closely on the heels of arrest of another AP's Engineer-in-Chief Gangadharam with nearly Rs 130 crore worth properties. The sleuths have seized documents related to Rs 16 crore worth properties, which include a property in Chennai, and huge quantities of gold and silver articles. His bank lockers are yet to be opened and raids are going on.