Hyderabad: The Telangana Anti-Corruption Bureau (ACB) on Tuesday, September 22, registered a disproportionate assets case against Nori Lakshmi Bhaskar, Additional Superintendent of Nizam’s Institute of Medical Sciences (NIMS), Hyderabad.
Officials searched his residence in Kalpataru Apartments, Erragadda, and seven other locations linked to relatives, friends, alleged benamis and associates.
ACB has identified assets worth Rs 6.13 crore, including residential flats, open plots, bank balances, investments, gold ornaments and vehicles.
The properties included 1 four-bedroom flat in a high-rise gated community, 2 three-bedroom flats in Kukatpally, 5 two-bedroom flats in Manikonda and four open plots in Yadadri, Nandigama and Shamirpet. In addition, an 800-square-yard open plot in Visakhapatnam, Andhra Pradesh.
The agency found bank balances of Rs 41 lakh, post office deposits of Rs 12 lakh, investments of Rs 35 lakh in private financial institutions and mutual fund investments of Rs 29.55 lakh.
Gold ornaments of about 517.8 grams, a Jaguar, an Audi and a Tata Nexon, besides four two-wheelers and electronic gadgets worth Rs 5 lakh were among the other assets.
The market value of the movable and immovable properties could be considerably higher than their documented value, said an ACB official.
Nori Lakshmi Bhaskar invested Rs 1.30 crore in the purchase of a flat that was involved in a dispute before the Debt Recovery Tribunal (DRT). He had lent Rs 1.33 crore to various individuals as hand loans.
A case has been registered under Sections 13(1)(b) and 13(2) of the Prevention of Corruption Act, 1988, as amended in 2018. Further verification of the assets is underway, and the case is under investigation.
| | 
