In a major breakthrough in the disproportionate assets case of Town and Country Planning Director GV Raghu, the Anti-Corruption Bureau (ACB) seized all the original documents related to his properties which were seized during raids.
The ACB officials recovered all the documents at the house of one of the close aides of Raghu in Vijayawada. The documents were recovered after three-day interrogation of the officer.
According to ACB Deputy Superintendent of Police (DSP) K. Ramakrishna Prasad, Raghu suspected that he could also be trappedand gave all the important documents of his assets to one of his aides T. Mohan Kumar, a resident of Vijayawada, for safe custody.
Mohan Kumar worked as a personal secretary for former Mayor of Vijayawada Anuradha Devi. Raghu met him at the time and later made him his benami, said the DSP.
Apart from the original documents, ₹50 lakh and 11 kg gold, a few more documents pertaining to land at Chittoor and Krishna districts were also recovered.
Money laundering
During interrogation, Raghu also confessed that he had procured many of the assets through money laundering.
Mr. Ramakrishna Prasad said Raghu had befriended D. Subba Rao, a resident of Vijayawada and owner of a renowned shopping mall in the city.
“Raghu and Subba Rao met when there were a few issues pertaining to the mall at the Vijaywada Muncipal Corporation office. In most of the cases, Raghu would give hard currency to Subba Rao and in return, he used to get cheques/DDs purchased by him to buy the assets. This proves that Subba Rao did money laundering for Raghu. Subsequently, many of the assets were transferred to a company that had Gayathri, wife of Siva Prasad, one of his aides, as a partner,” he added.
