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CliQ INDIA > National > ₹3 crore cash, gold worth lakhs seized in Telangana raid on civic body officer | CliqExplainer
National

₹3 crore cash, gold worth lakhs seized in Telangana raid on civic body officer | CliqExplainer

The raid, part of an investigation into disproportionate assets, uncovered a staggering amount of illicit wealth accumulated by Narendar.

cliQ India
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Highlights
  • ACB uncovers ₹6.07 crore in assets during raid.
  • ₹3 crore cash and gold seized from Telangana officer.

In a major anti-corruption operation on Friday, the Anti-Corruption Bureau (ACB) seized ₹3 crore in cash and gold worth lakhs from the residence of Dasari Narendar, a superintendent and revenue in-charge officer at the Nizamabad Municipal Corporation in Telangana. The raid, part of an investigation into disproportionate assets, uncovered a staggering amount of illicit wealth accumulated by Narendar.

During the search at Narendar’s home, ACB officials discovered ₹2.93 crore in cash hidden in carton boxes under his bed. In addition to the cash, the raid revealed a significant amount of gold—51 tolas (approximately 595 grams)—valued at ₹6 lakh. The officials also found a bank balance totaling ₹1.10 crore across accounts held by Narendar, his wife, and his mother.

The total value of the assets seized amounted to approximately ₹6.07 crore. Alongside the cash and gold, the ACB confiscated 17 immovable properties worth ₹1.98 crore, further escalating the total assets to ₹6.7 crore.

Narendar, who was appointed to his position on compassionate grounds following his father’s death, now faces charges under the Prevention of Corruption Act, 1988. Specifically, he is accused of acquiring assets disproportionate to his known sources of income through corrupt practices. The case against him is registered under Sections 13(1)(b) and 13(2) of the Act.

Following the raid, Narendar was arrested, and the investigation into his financial dealings continues. This operation highlights ongoing efforts by authorities to combat corruption and recover assets acquired through illegal means.

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