The Anti-Corruption Bureau (ACB) of Telangana on Tuesday stated it has seized Rs 4.47 crore of unaccounted cash allegedly belonging to the previous Director of Insurance coverage Medical Providers (IMS) and one other official.
An ACB launch stated “Rs 3.75 crore unaccounted cash of former IMS Director Devika Rani and Rs 72 lakh of ESI Pharmacist Naga Lakshmi, which was invested with an actual property firm in Cyberabad space in Hyderabad for buy of business and residential house, was seized from the true property agency.”
Each the officers had invested this “unaccounted” cash in the direction of buy of six residential flats and about 15,00zero sq. toes of business house within the names of their household moreover Devika Rani additionally invested Rs 22 lakh within the identify of benamidars, it stated.
The company additional stated it has additionally recognized one other Rs 2.29 crore quantity which was paid via cheques and on-line transfers via varied sources to buy the property and the identical is within the strategy of seizure.
Each the officers who had been already arrested within the Disproportionate Property case had been launched on bail by a particular courtroom for ACB instances, it stated.
In December 2019, the ACB had stated it has unearthed property price over Rs 23.14 crore, allegedly belonging to Devika Rani, who was earlier arrested in an alleged rip-off in provide of medication.
The market worth of those property could possibly be roughly Rs 100 crore, the ACB had stated.
The ACB probing the alleged multi-crore rip-off within the provide of medicines to dispensaries and hospitals right here has already arrested over 20 folks together with the then Director of IMS DevikaRani, some IMS officers and others since September 2019. Rani’s husband P Gurumurthi, a retired Civil Surgeon, was additionally arrested by the company.
The state authorities has already suspended Devika Rani and different officers.