ACB raids 'crorepati' Andhra district official: Illegal assets at Rs 30 crore and counting

Reddy had been investing in Guntur's real estate sector, and was on good terms with several politicians and police officials in the district.
ACB raids 'crorepati' Andhra district official: Illegal assets at Rs 30 crore and counting
ACB raids 'crorepati' Andhra district official: Illegal assets at Rs 30 crore and counting
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A day after the Anti-Corruption Bureau in Andhra Pradesh registered a case of disproportionate assets against Nellore Zilla Parishad Chief Executive Officer (CEO) B Ramireddy after searching 14 places in Nellore, Guntur and Chittoor districts, more details have emerged.

A top ACB official told Times of India that Ramireddy managed to gather illegal assets worth over Rs 30 crore and that the figure could potentially cross Rs 80 crore.

"He was demanding bribes from anyone seeking the revenue department's assistance. He failed to take up any welfare activity in his district despite 46 MDOs working under him," an official told the newspaper.

The TOI report adds that Reddy had been investing in Guntur's real estate sector, and was on good terms with several politicians and police officials in the district.

During the search conducted at his multi-storeyed house in Nellore town, the ACB identified assets worth over Rs 2 crore on Friday.

The official was also discharging additional responsibilities as Nellore Municipal Corporation Commissioner and Zilla Panchayat Raj officer.

As Ramireddy is due to retire in March, he had stepped up his activities of amassing huge wealth in the name of others. He wanted to take the same back after retirement.

An ACB official said Ramireddy had given Rs 50 lakh as loan to some individuals.

The officials said the details of the illegal assets will be known after completion of searches at all places, screening of the documents and after his bank lockers are opened.

IANS inputs

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