CBI books BSNL official
A disproportionate assets case has been registered by
the Central Bureau of Investigation against the General Manager of BSNL,
Rajahmundry, G. Raghavendra Rao.
The CBI,
Visakhapatnam branch, registered the case against the accused on May 30
on the allegation that Mr. Raghavendra Rao acquired assets in his name
and in the names of his family members, which disproportionate to his
known sources of income.
The CBI conducted searches
at the office and residence of Mr. Raghavendra Rao at Rajahmundry and
also at his house in Hyderabad. Searches were also conducted at the
residential houses of his close relatives in Vijayawada and Hyderabad.
During
the searches, CBI unearthed both movable and immovable assets worth
more than Rs.2 crore. The immovable assets include a luxury flat at
Kukatpally in Hyderabad worth around Rs.1 crore and over 23 acres of
land in Krishna and RR Districts. The lands and flat were purchased by
declaring lesser value than the actual amount paid for the same.
The
movable assets include LIC policies, shares, expensive household
articles, and gold and diamond jewellery. Several incriminating
documents relating to the properties of Mr. Raghavendra Rao were also
seized from a bank locker maintained in the name his wife in Hyderabad.
The case is under investigation.
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