Overview
- The Anti-Corruption Bureau registered a disproportionate-assets case against DSP Sankireddy Bheem Reddy and conducted simultaneous searches at 16 locations on Thursday, including his home and premises linked to relatives and alleged benamidars.
- Investigators seized about Rs. 43.6 lakh in cash, roughly two kilograms of gold, about 20 kilograms of silver, bank balances near Rs. 19.91 lakh and extensive property documents spanning Hyderabad suburbs and parts of Karnataka.
- One outlet reported the agency’s preliminary market-value estimate of the recovered portfolio at about Rs. 200 crore based on seized records and a diary entry, but that figure has not been independently confirmed across reports.
- The ACB said verification of assets is ongoing, has referred the discovery of 23 foreign liquor bottles to the Excise Department, and may carry out further searches before completing legal formalities.
- Hours after the raids the DSP was admitted to hospital with fluctuating blood pressure and coronary issues, and investigators said any arrest or prosecution will depend on document, bank and ownership verification under anti-corruption and benami laws.