Hyderabad: Sleuths from the Anti-Corruption Bureau raided the residence of the Telangana President of the Junior Lecturers’ Association P Madhusudhan Reddy, over allegations of amassing illegal wealth. As many as ten teams conducted searches at different locations in Hyderabad, Vikarabad, and Mahabubnagar from Friday morning until late evening.
During the searches, ACB sleuths found properties worth around Rs 1.81 crore and cash worth Rs 24 lakh. Furthermore, they discovered Rs 52 lakh deposited in a bank account and a similar amount in a fixed deposit. Rs 16 lakh was found in his brother-in-law Mahender Reddy’s house, and Rs 19 lakh was seized from a colleague’s residence.
Apart from cash, it was also found that he purchased two houses at Moosarambagh and Kokapet for a very high price. However, he undervalued them during the registration. Madhusudhan Reddy also owns two vehicles, one registered in his name and the other was registered in the association’s name. However, the police have learnt that the latter was purchased with money from his bank accounts.
Officials told media persons that Madhusudhan Reddy was also accused of leaking the intermediate question paper during 2007. Besides, there were allegations that he had collected vast amounts from his colleagues to facilitate their transfers to desired locations in different parts of the state.
Several complaints were reported against him, after which a detailed inquiry was conducted, and a case was also registered. Searches are ongoing, and many new leads have emerged from them. The investigators informed that the leads would be pursued and facts will be uncovered. He will be taken into custody for further inquiries said an official.
Meanwhile, Madhusudhan Reddy refused to comment on the searches and the allegations against him. He challenged the government to take over any property, bank balance or cash found in his possession illegally.