An official from the Hyderabad Metropolitan Water Supply and Sewerage Board is under investigation for allegedly amassing disproportionate assets, leading to searches and the discovery of significant wealth.
The ACB on Tuesday said it registered a case of disproportionate assets against an official of Hyderabad Metropolitan Water Supply and Sewerage Board here and found assets worth over Rs 5.88 crore during searches at his residence and places linked to his relatives and other associates.
The case was registered against General Manager (Engg), Project Division-VIII, Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB), as he allegedly acquired assets disproportionate to his known sources of income by indulging in "corrupt practices and dubious means" during his service, a release from Anti-Corruption Bureau said.
As this is an offence punishable under the Prevention of Corruption Act, 1988 (as amended in 2018), searches were conducted on Tuesday at the official's residence and eight other places belonging to his relatives, friends, 'benamis' and other associates, it said.
During the searches, documents relating to 18 acres agricultural land, six open plots, three flats and one house were found.
Further, during the searches, net cash of Rs 1.10 crore, gold ornaments weighing 2.1 kg and silver articles weighing 9.2 kg were also found in the accused officer's house besides one car and one bike.
All assets worth Rs 5,88,55,490 were found. The market value of movable and immovable property may be many times higher than the documentary value, the ACB said.
Further verification of additional assets is underway. The case is under investigation, the release added.