Top Andhra Pradesh Tax Officer Arrested In Corruption Case with assets worth over Rs. 150 crore

[sid_22]

An official said the market value of Prasad's assets could be well over Rs. 150 crore

AMARAVATI:  A senior officer of the Commercial Taxes Department was today arrested by the Andhra Pradesh Anti-Corruption Bureau for allegedly owning, in his or his relatives' names, assets worth over Rs. 150 crore.
 

ACB sleuths, after simultaneous searches at the properties of Geddapu Lakshmi Prasad and his relatives at about 20 places in Andhra Pradesh and Telangana, arrested him for possessing assets disproportionate to known sources of income.

Prasad is currently a Commissioner (GST) in the office of Chief Commissioner of Commercial Taxes.

He had previously served as a key aide to state Finance Minister Yanamala Ramakrishnudu.

An ACB official said the market value of Prasad's assets could be well over Rs. 150 crore as most of it was "prime property".

A release issued by ACB Director General R P Thakur said the officer owned an "extravagant" house measuring 7,000 sqft in Srikakulam town, built in 2003-04 and a 400-sq yard house site at Gorantla in Guntur.

At least seven plots measuring a total of 2,255 sq yards in prime localities of Visakhapatnam, Parigi (in Telangana) and Guntur were found registered in the name of Prasad's first wife Alivelu, the release said.

 

His second wife Mallika owned four house plots, measuring a total of 1,212 sq yards, close to Guntur city, all purchased in 2014.

She also held three flats in posh apartment complexes in prime localities in Hyderabad and over 2.4 acres of land in Ranga Reddy district of Telangana and in Visakhapatnam, the release said.

Two acres of agricultural land were found to be registered in the name of Prasad's mother-in-law in Srikakulam district and another two acres in the name of his sister-in-law in Ranga Reddy district.

A promissory note for Rs. one crore against the money lent by Prasad, bank balance of Rs. 34 lakh, gold jewellery worth Rs. 40 lakh, an SUV, two Maruti cars and two two-wheelers were also confiscated.

 

150 crores and 2 wives aa......... tokkalo US raa bhai.........edhola kastapadi ilanti job okati India lo 5 years unte.......... life set.

[Ara_Tenkai]

papam vasul chesina taxlu govt accountlo kakunda thana accountlo vesukunnadu...mistakes happen no...

[Hitman]

CBN .. ... Drain the Swamp...

[TOM_BHAYYA]

3 minutes ago, Ara_Tenkai said:

papam vasul chesina taxlu govt accountlo kakunda thana accountlo vesukunnadu...mistakes happen no...

Adhe ga it was a small mistake 

[alpachinao]

Maha ayithey dismiss chestharu malli join avuthadu

[TampaChinnodu]

34 minutes ago, alpachinao said:

Maha ayithey dismiss chestharu malli join avuthadu

 

[perugu_vada]

Anubhavinchu raaja