What is the TGREDCO DGM disproportionate assets case?
HYDERABAD: A special Anti-Corruption Bureau (ACB) court on Thursday remanded Telangana Renewable Energy Development Corporation (TGREDCO) Deputy General Manager Mutyam Venkata Ramana to 14 days of judicial custody in a disproportionate assets case.
ACB alleges assets far exceed known sources of income
Ramana, who was arrested on Wednesday, was produced before the ACB court on Thursday. Following the remand order, officials shifted him to Chanchalguda Central Jail.
According to the ACB, searches conducted as part of the investigation allegedly uncovered disproportionate assets worth ₹28.14 crore based on their registered value. Officials said the case is the largest-ever disproportionate assets case detected by the agency in its more than six decades of operation.
Real estate holdings under investigation
The ACB said most of the alleged assets are in the form of real estate. Investigators estimate their open market value could exceed ₹200 crore, though the valuation is subject to further assessment.
Officials said the seizure surpasses the agency’s previous record involving an Roads and Buildings (R&B) Engineer-in-Chief-level officer, in which disproportionate assets worth ₹17.94 crore were allegedly detected.
Earlier bribery case still pending trial
Ramana was previously caught allegedly accepting a ₹25,000 bribe in 2019 while serving in the Roads and Buildings Department. That case is still under trial.
The ACB said the disproportionate assets investigation is a separate case arising from its latest searches. The allegations are under investigation, and the court proceedings are continuing.
