ACB seizes Rs 5 crore unaccounted cash from Kaleshwaram Project’s EE, more seizures, arrests to come
On the fourth day of Sridhar’s five-day custodial interrogation on Monday, ACB officials opened multiple bank lockers linked to him
By Newsmeter Network
ACB raids Noone Sridhar’s bank lockers, finds Rs 5 crore unaccounted cash, gold jewellery
Hyderabad: The Anti-Corruption Bureau (ACB) has reportedly recovered nearly Rs 5 crore in unaccounted cash from the bank lockers of Noone Sridhar, the executive engineer (EE) associated with the Kaleshwaram Lift Irrigation Project.
Gold ornaments were also seized during the operation, official sources said.
Sources within the ACB confirmed that the investigation is ongoing and may lead to more seizures and possible arrests. The findings so far have raised questions about alleged corruption and irregularities in the execution of large-scale irrigation works under the Kaleshwaram project.
Lockers yield stacks of cash and jewellery
Acting on court directions, ACB officials took custody of Noone Sridhar on June 20 and shifted him from the jail to the Anti-Corruption Bureau office for interrogation.
On the fourth day of Sridhar’s five-day custodial interrogation on Monday, ACB officials opened multiple bank lockers linked to him. Inside, they discovered a staggering amount of cash, believed to be around Rs 5 crore, along with gold jewellery.
Officials suspect the seized assets are proceeds of corruption and far exceed Sridhar’s known income sources.
Arrest in DA case
Noone Sridhar was arrested earlier this week in connection with a case registered under the Disproportionate Assets (DA) Act. The arrest came after preliminary inquiries and searches at multiple locations linked to him, which revealed significant undeclared wealth.
Lavish properties across Telangana
During the investigation, ACB officials found that Sridhar had accumulated a vast portfolio of prime real estate and other assets far beyond his known sources of income.
The properties identified so far include a luxurious villa in Tellapur, Hyderabad, a flat in Shaikpet, Hyderabad, three flats in Karimnagar, commercial complex in Ameerpet, Hyderabad, one property in Warangal, an independent bungalow in Karimnagar, 16 acres of agricultural land, 19 residential plots in prime locations across Hyderabad, Warangal, and Karimnagar.
Gold, cash, vehicles and bank deposits
Apart from real estate, the ACB also discovered substantial movable assets, including two four-wheelers, large quantities of gold ornaments, multiple high-value bank deposits and Rs 5 crore in unaccounted cash, recovered from Sridhar’s bank lockers.
