Coop Asst Director in ACB net

In a major catch, the Anti-Corruption Bureau officials on Thursday unearthed assets worth Rs 5 crore belonging to Venkateswar Rao, Sub-Divisional Co-operative Assistant  Director, Rangareddy District at his residence  here.

 A case of disproportionate assets was registered against Rao.The Acb officials raided the house of the district official and conducted simultaneous raids on residences of his relatives at Kavali and Vijayawada.

Venkateswar Rao’s wealth included 30 acres of farm land in Nellore and  1100 square  yards of plot in  Madhapur, Hyderabad.

The  Acb  sleuths  also found a bank locker of Rao with the Central Bank of  India, Kalyanangar. The Acb officials  were still continuing their searches on Venkateswar Rao’s properties while his bank locker was being searched.

Venkateswar  Rao,  however, did not speak to the media and remained silent during the course of the raids.