Bheem Reddy diary names film actor in Manikonda land deal
HYDERABAD: A film actor has figured in the Anti-Corruption Bureau (ACB) investigation into the disproportionate assets case against Telangana Police Computer Services Deputy Superintendent of Police (DSP) Sankireddy Bheem Reddy, according to the agency’s remand report and investigation.
Diary details widen ACB probe
Investigators said the actor, known for family-oriented films, allegedly entered into an agreement with Bheem Reddy for the sale of a property in Manikonda. The actor is stated to have received an advance of about ₹3 crore. The transaction reportedly came under scrutiny after the ACB searches began before the balance payment could be completed.
According to the remand report, entries relating to the ₹3 crore advance were found in a diary seized from Bheem Reddy’s residence. The diary allegedly contains detailed records of money receivable and payable. Investigators also recovered notes titled “People who have to pay us” and “Payments to be made by me”, which they have placed before the court.
The ACB said it seized documents relating to more than 60 property transactions from Bheem Reddy’s residence. Officials also suspect that he adopted safeguards while acquiring properties through alleged benamidars by obtaining cancellation deeds in advance. Around 30 such cancellation deeds were reportedly recovered during the searches.
Bank lockers, accounts under scanner
The remand report states that Bheem Reddy did not provide satisfactory answers when questioned about the purchase of the villa where he currently resides. The ACB also identified two bank lockers, 10 bank accounts and two memory cards during the searches.
Officials said Bheem Reddy developed breathing complications during the raids and was given preliminary treatment by a nearby doctor before being shifted to hospital. As doctors reportedly advised bed rest and restricted travel because of his health condition, the ACB delayed his arrest. He was arrested later after recovering, following instructions from senior officers.
The ACB said further investigation is under way to establish the source of funds used to acquire the properties, trace the financial trail and identify additional alleged benamidars.
Illegal construction angle under investigation
The agency is also examining the alleged role of Bheem Reddy and an alleged benamidar, who is a public representative, in two commercial projects worth about ₹1,000 crore near Marrichettu Junction in Manikonda.
Investigators suspect the builder collected around ₹800 crore through pre-launch sales. The projects allegedly continued despite the land being in the prohibited list of the Revenue Department and without complete approvals from the Hyderabad Metropolitan Development Authority (HMDA). The ACB has earlier stated that Bheem Reddy allegedly holds a 500 sq ft share in one of the commercial complexes.
Benami network and assets
According to the remand report, Bheem Reddy allegedly followed a pattern of first registering properties in his own name, later cancelling those registrations and transferring the assets to alleged benamidars while retaining control over the original property documents.
The ACB estimates that the registered value of assets traced to him is about ₹10.12 crore, while the market value is believed to exceed ₹200 crore. Investigators allege that the assets are disproportionate to his known sources of income. The investigation is continuing, and the allegations are yet to be tested in court.
