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ACB seizes Rs 40.47 lakh from Babu's locker

Published: 04th September 2016 04:16 AM  |   Last Updated: 04th September 2016 04:16 AM   |  A+A-

VIJAYAWADA: For the third consecutive day, the Anti Corruption Bureau authorities seized Rs 40.47 lakh in cash from Andhra Bank locker in Guntur district in connection with the case against endowments deputy commissioner Kancherla Vijaya Sagar Babu.

The bank locker was registered in the name of Mannem Srinivasa Rao, suspected to be a ‘benami’ of the accused.

The Anti Corruption Bureau arrested Srinivasa Rao on the Andhra Bank premises in Guntur on Saturday evening. He had been on the run ever since the ACB raided the residence of Vijaya Sagar Babu.

The officials are conducting the searches at the residence of Vijaya Sagar Babu and that of eight other acquaintances.

They also opened another bank locker, which was registered in the name of Srinivas Rao and his wife at Kurnool on Friday, which led to the seizure of Rs 49.86 lakh.

The ACB special team is led by deputy superintendent of police A Rama Devi, who is also heading the Andhra Pradesh Criminal Interdiction Unit (CIU). As on Saturday, the ACB seized disproportionate assets worth about Rs 3.79 crore, as per government valuation, including Rs 1.4 crore in cash, documents pertaining to six plots at Surampalli, Buddavaram, Paritala and Vedurupavuluru of Krishna district, a commercial shop at Nunna, a house at Ajith Singh Nagar in Vijayawada and two acres farm land at Musthabad village in Krishna district.

 They also seized two four-wheelers, a two-wheeler, 750 gms gold ornaments and 1.75 kg silver worth Rs 6.5 lakh.



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