ACB case against translator with Rs. 1.31-cr. assets

By Our Staff Reporter

HYDERABAD, OCT. 5. In a major haul, the Anti-Corruption Bureau (ACB) has unearthed assets worth Rs. 1.31 crores from an assistant Telugu translator of the State Legislative Assembly. A case of acquisition of assets disproportionate to known sources of income has been registered. But no arrests have been made as raids are still continuing.

The ACB sleuths conducted day-long raid at various places owned by the accused, P. Narayana Rao, here on Friday, including two lavishly constructed mansions with a swimming pool at Sri Venkateswara Cooperative Housing Society (MLAs Colony), Banjara Hills, worth at least Rs. 40 lakhs. He was also in possession of 50 tolas of gold, four kg silver and a fleet of cars, including an imported Mercedes Benz.

``The search, which began at 6 a.m. is still going on and what we have now are only rough estimates,'' the ACB Director- General, Mr. Ramavatar Yadav, told a press conference here on Friday evening.

The other assets include two more houses in Banjara Hills, a flat, four vehicles - a Tata Sumo, Opel Astra, Maruti Zen besides a Mercedes Benz - and a 26-acre farmhouse worth Rs. 41 lakhs at Mannegudem in neighbouring Ranga Reddy district. ``He has purchased several properties in the names of some close relatives. The plot in MLAs Colony is in the name of his sister- in-law whereas she lives in an asbestos roofshed there,'' Mr. Yadav said.

The 45-year-old Rao hailing from Chintalguda village of Jannaram mandal in Adilabad district had joined Government service as assistant section officer in 1977. He was an executive committee member of the Sri Venkateswara housing society between 1981 and 1984 before becoming its vice-president from 1991-1993. Mr. Yadav said the CID had booked a case against him in 1992 for fraud leading to his suspension from the post.

``Details of his bank accounts and deposits are being looked into,'' Mr. Yadav added.

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Section  : Southern States
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