HYDERABAD: ACB officials carried out simultaneous raids in the residences and offices of former HMDA director (planning) Shiva Balakrishna and his relatives in and around Hyderabad on Wednesday.
The searches, reportedly involving 18 teams, are linked to allegations of wealth accumulation disproportionate to known sources of income, sources said. Officials are tight-lipped regarding the specifics of the ongoing probe, but the sources said it revolves around allegations of corruption during Balakrishna’s tenure at the HMDA.
Rumours of his illegal activities have circulated for some time, with estimates suggesting gains of over Rs 200 crore. Raids may continue on Thursday and Friday, the sources added.
Kin refuse to cooperate
ACB officials, who arrived at Balakrishna’s residence in Puppalaguda early in the morning, were met with resistance from his family members, who declined to cooperate with the search. Teams are looking into bank lockers, and other immovable assets, approximating an additional Rs 100 crore, according to reports.
Balakrishna’s reputation has long been marred by suspicion, with many viewing him as a highly corrupt official. The sudden and coordinated action by the ACB suggests that there is evidence to corroborate the allegations.
Previously the HMDA director (planning), Balakrishna currently serves as the HMR director. He was transferred during the recent Legislative Assembly elections after having served in the position for more than three years.