Hyderabad: The Anti-Corruption Bureau (ACB) has registered a disproportionate assets case against Nori Lakshmi Bhasker, 56, Additional Medical Superintendent at Nizam's Institute of Medical Sciences (NIMS), alleging that he accumulated assets disproportionate to his known sources of income.
The ACB conducted searches at eight locations on Tuesday, including Bhasker's residence in Erragadda and premises linked to his relatives, friends, alleged benamis and associates.
During the searches, officials reportedly recovered documents relating to several properties, including one four-bedroom flat, two three-bedroom flats, five two-bedroom flats and five open plots.
The properties identified by the ACB are located in areas including Kukatpally, Manikonda, Petbasheerbad, Yadadri, Nandigama and Shamirpet. Officials also identified an 800-square-yard plot in Visakhapatnam.
The searches also reportedly uncovered Rs 41 lakh in bank balances, Rs 12 lakh in post office deposits, Rs 35 lakh invested in private financial institutions and Rs 29.55 lakh in mutual funds.
In addition, the ACB identified gold ornaments, three cars, four two-wheelers and electronic gadgets valued at around Rs 5 lakh.
The total value of the assets identified during the searches was estimated at approximately Rs 6.13 crore. The ACB said the market value of some of the properties could be considerably higher than their documented value.
Officials also alleged that Bhasker had invested around Rs 1.30 crore in purchasing a flat involved in a Debt Recovery Tribunal (DRT) dispute. The agency further alleged that he had provided hand loans totalling around Rs 1.33 crore to various individuals.
The ACB is continuing to verify the documents and assets identified during the searches. Further action will depend on the findings of the ongoing investigation.
