Mon, Jun 05, 2017, 01:47 PM
Additional Director of Andhra Pradesh (AP) Industries, Suresh Babu, is in Anti-Corruption Bureau (ACB) net. Raids are going on at nearly eight locations, including his house. They have discovered unaccounted wealth of nearly Rs. 30 to 40 crores. Huge amounts of gold and some key documents would come out, if his lockers are opened, the officials said. Suresh Babu has been recently transferred from Hyderabad and is yet to get a new posting. The reason for his transfer too is that he was demanding huge amounts as graft to sanction units.