Rs5 Crore Assets Unearthed From Excise Official 

Hyderabad: ACB arrested a senior official of prohibition and excise department here on Wednesday for amassing assets worth Rs5 crore disproportionate to his known sources of income. The ACB raided the accused A. Srinivasa Reddy's house in Bowenpally and conducted simultaneous searches at several other places in the city including his relative houses in Karimnagar.

The seized assets were Rs1.60 crore but the market value is estimated about Rs5.50 crore. During the searches, it is revealed that the Reddy acquired 15 acres of agriculture land, three independent houses and four house plots and other properties including gold, household articles and electronic gadgets in his name and in the names of his family members.