ACB seized Rs.800 Crores of Assets

Vishakapatnam, June 24: The ACB officials have arrested two officials here on Friday, who are earned huge assets illegally, which are having nearly Rs.800 crores according to market value.

The accused are an engineer in Vijayawada and a medical professor in Vizag. The two are good friends and business partners and related by marriage.

ACB sleuths raided properties of Pamu Panduranga Rao, engineer-in-chief, public health and municipal engineering, Vijayawada, and Prof. Nalli Babu Vijaya Kumar of the Andhra Medical College at Visakhapatnam.

Panduranga Rao was accused of amassing illegal assets worth over Rs 800 crore and arrested; Prof. Kumar was arrested for amassing over Rs 35 crore illegal assets.



ACB Director-General R.P. Thakur said they had never unearthed assets on such a huge scale before.We have found a huge amount of gold and silver at his residence.

"We were surprised at how Panddurunga Rao amassed the assets. It appears to be the biggest case for ACB," he said.

The raids were simultaneously conducted at 14 places in Vizag, West Godavari, Krishna, Guntur districts, and Hyderabad.

In 1987, Panddurunga Rao, a Kotcherla in Krishna district, joined government service as deputy executive engineer. He was working as engineer-in-chief from 2011.