ACB’s official statement regarding Shivabalakrishna’s assets.
Former HMD director and RERA secretary Sivabalakrishna was arrested by ACB officials in a disproportionate assets case. Yesterday, the officials searched Balakrishna’s house and seized a large amount…
Former HMD director and RERA secretary Sivabalakrishna was arrested by ACB officials in a disproportionate assets case. Yesterday, the officials searched Balakrishna’s house and seized a large amount of cash and valuable documents. The officials have officially announced the details of assets seized from Balakrishna’s house. Today, ACB officials spoke to the media and gave details regarding Balakrishna’s properties.
They said that 16 places were searched, including Balakrishna’s house, and a case has been registered against him under Sections 13 (1) (b) and 13(2). Apart from Balakrishna’s house, the houses of his relatives and associates were also searched. The officials revealed that they seized 99.60 lakh cash from Balakrishna’s house, along with 1988 grams of gold and 6 kg of silver. Property documents worth Rs 8.26 crore have also been seized.
The officials stated that the value of the seized properties would be more than the market value. They also mentioned that they have to investigate the rest of the benami.