Visakhapatnam: The Anti-Corruption Bureau on Wednesday arrested a Superintending Engineer attached to the state Education and Welfare Infrastructure Development Corporation and found assets worth Rs 1.63 crore in raids at four places including his residence and office.
The agency is probing whether the assets are disproportionate to known sources of the income of Karri Bhaskara Rao (56).
He was arrested after teams of Central Investigation Unit (CIU) of ACB conducted simultaneous raids at four places, including his residence and office here.
The agency seized documents valuing Mr Rao's assets to the tune of Rs 1.63 crore. However, the market value of the properties is estimated at Rs 16-Rs 20 crore, he said.
He will be produced before ACB court today.
The agency is probing whether the assets are disproportionate to known sources of the income of Karri Bhaskara Rao (56).
He was arrested after teams of Central Investigation Unit (CIU) of ACB conducted simultaneous raids at four places, including his residence and office here.
The agency seized documents valuing Mr Rao's assets to the tune of Rs 1.63 crore. However, the market value of the properties is estimated at Rs 16-Rs 20 crore, he said.
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He will be produced before ACB court today.
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