Probe on against ACP Narsimha Reddy's investments in Puppalaguda, Shankarpally and 2 bars

By Newsmeter Network  Published on  24 Sep 2020 2:23 PM GMT
Probe on against ACP Narsimha Reddys investments in Puppalaguda, Shankarpally and 2 bars

Hyderabad: The Anti-corruption bureau (ACB) arrested the assistant commissioner of police of Malkajgiri Narsimha Reddy in a disproportionate assets case on 24 September.The investigating agency carried out searches at the top cop's residence and unearthed illegal properties to the tune of Rs. 70 crore.

The ACP, Y. Narsimha Reddy, was produced before a special court and sent to judicial remand.

During the searches, the ACB sleuths found documents relating to 55 acres of land in Andhra Pradesh, four plots measuring 1,960 square yards located opposite to the Cyber towers in Madhapur, two housing plots (measuring 1900 square yards), one commercial Group+3 building in Hafeezpet, and Rs. 15 lakh cash. They also identified two bank lockers. The market value of these properties will be around Rs.70 crore, the ACB officials said.

On day two of the searches, the sleuths seized 30 tulas of gold ornaments from a bank locker. The ACB is also probing Narsimha Reddy’s alleged investments in different businesses. The sleuths found land documents measuring 4.3 acres in Shankarpally of market value Rs 1 crore each. The property was registered in the name of a lady.

A source told NewsMeter, “Among the many property documents found during the searches at the cop’s residence in Hyderabad was a real-estate agreement in the name of his wife. The spouse had invested in a venture development in Puppalaguda. A probe is on to find his investments in two bars, Darbar in Uppal and the forest in Himayat Nagar.”

The ACB sleuths also found that Narsimha Reddy’s benamis were mostly grade 4 employees with low income. “The corrupt officer was involved in many land settlements. He had built a network while he served as the inspector at Uppal which falls under the Rachakonda commissionerate,” the source added.

The ACB said that the cop had acquired assets disproportionate to his legal source of income by indulging in corrupt practice. A case of disproportionate assets has been registered against him.

Narsimha Reddy had earlier been appointed as a sub-inspector in Hyderabad commissionerate's task force wing before he was promoted to inspector. He served in Uppal, Begumpet, and other police stations, including the Central crime station.

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