VISAKHAPATNAM: SLEUTHS of Anti-Corruption Bureau (ACB) on Wednesday raided the properties and houses of assistant executive engineer of Greater Visakhapatnam Municipal Corporation (GVMC) KV Veera Madhava Rao, on the charge of amassing wealth disproportionate to his known sources of income.
The ACB team recovered illegal properties, whose current market value could be over `10 crore on the first day of the raids, and the officer was arrested.
According to sources, the ACB team led by deputy superintendent of police K Ramakrishna Prasad conducted simultaneous raids on the residence of the officer at Daspalla Layout, four houses of his brother and sister at Dabagardens, his driver’s house and another house of his friend in the city.
Ramakrishna Prasad said that the seized documents included three flats located at Daspalla Layout, Pendurthi and Yendada and four plots at Bheemili, Kothavalasa, Chemmudapalli and Dabagardens. Besides, Madhava Rao also owns four houses at Dabagardens.
The ACB officials also seized documents of an eight-acre farmland and a 50 cent plot at Devarapalli belonging to the officer.
Gold ornaments weighing 20 tolas, `50,000 in cash and `1 lakh in a bank account were also recovered.
The ACB officers also seized two bank lockers in private banks, which will be opened on Thursday.
It was learnt that the officer joined the GVMC in 1988 as a contract worker and his services were regularised in 1997. The tainted officer will be produced in the court on Thursday.