Hyderabad: Former director of HMDA Sivabalakrishna was taken into custody by ACB officials at Central Prison Chanchalguda on the fourth day of his arrest in the disproportionate assets case.
The officials are investigating Shiva Balakrishna’s ‘benami’ accounts and bank lockers. An inquiry was conducted to find out who helped Balakrishna during his tenure as RERA secretary and as Director of HMDA. It is reported that the ACB officials are getting details from Balakrishna about how he amassed huge assets that were unearthed assets.
Shiva Balakrishna, who was arrested in the case of assets beyond known sources of income, was remanded in judicial remand for 14 days by the ACB court on Thursday, January 31, after his arrest. Also, the Nampally court allowed the ACB to be in custody for eight days from February 1. ACB officials have questioned Shiva Balakrishna for three days now. Officials have found hundreds of documents that were seized during the three-day custody. Officials opened three bank lockers belonging to Balakrishna on Friday. ACB seized a large amount of gold jewelry from three lockers.
ACB found that Balakrishna converted all his illegal earnings in the form of gold and land. The ACB officials on Friday took Balakrishna to the RERA office where he was working. They broke Balakrishna’s cupboard there and seized a lot of property documents. Balakrishna got the land in the name of his family members and also registered it in the name of Benami. Land passbooks with the names of Benami were found and seized. ACB officials also sent notices to Benami.
