Hyderabad, 22 September
ACB Books NIMS Official in Disproportionate Assets Case, Searches Hyderabad Premises
The Telangana Anti-Corruption Bureau (ACB) on Tuesday, September 22, registered a disproportionate assets case against Nori Lakshmi Bhaskar, Additional Superintendent at Nizam’s Institute of Medical Sciences (NIMS), Hyderabad. ACB Books NIMS Official in Disproportionate Assets Case, Searches Hyderabad Premises
As part of the investigation, ACB officials conducted searches at his residence in Kalpataru Apartments, Erragadda, and seven other locations linked to his relatives, friends, alleged benamis and associates.
According to the ACB, assets valued at around Rs 6.13 crore have been identified during the investigation. These include residential flats, open plots, bank balances, investments, gold ornaments and vehicles.
Properties identified by ACB
The properties identified by the agency include one four-bedroom flat in a high-rise gated community, two three-bedroom flats in Kukatpally and five two-bedroom flats in Manikonda. ACB Books NIMS Official in Disproportionate Assets Case, Searches Hyderabad Premises
The ACB also identified four open plots located in Yadadri, Nandigama and Shamirpet. Another open plot measuring around 800 square yards was identified in Visakhapatnam, Andhra Pradesh.
Bank deposits and investments
The agency said Bhaskar had bank balances of around Rs 41 lakh, while post office deposits stood at approximately Rs 12 lakh.
The investigation also identified investments worth about Rs 35 lakh in private financial institutions and mutual fund investments of approximately Rs 29.55 lakh.
Vehicles and gold ornaments
The assets identified during the searches also include around 517.8 grams of gold ornaments.
Among the vehicles listed by the ACB are a Jaguar, Audi and Tata Nexon, along with four two-wheelers. Electronic gadgets valued at around Rs 5 lakh were also identified.
An ACB official said the market value of the movable and immovable properties could be considerably higher than their documented value.
Flat purchase and hand loans under scrutiny
According to the agency, Nori Lakshmi Bhaskar invested around Rs 1.30 crore in purchasing a flat that was involved in a dispute before the Debt Recovery Tribunal (DRT).
The ACB also found that he had reportedly given Rs 1.33 crore as hand loans to various individuals.
The case has been registered under Sections 13(1)(b) and 13(2) of the Prevention of Corruption Act, 1988, as amended in 2018.
The ACB said further verification of the assets is underway and the case remains under investigation.