Excise official amasses wealth

BANGALORE FEB. 15. The Lokayukta Police raided the office and several properties owned by H.D.Srinivas, Deputy Commissioner of Excise, Chikmagalur, on Thursday and Friday, and detected assets, including cash, together valued at Rs. 4 crore, illegally possessed by him.

The teams, led by the Lokayukta Superintendent of Police, G.Ramesh, and the Deputy Superintendents of Police, Narayanappa and Syed Riaz, conducted the raid in Chikmagalur, Sakaleshpur, Mudigere, and Bangalore.

The office and official residence of Srinivas in Chikmaglur, and the residence of his brother-in-law at Banakal in Mudigere taluk of the district were among the properties raided. Srinivas had purchased the latter in the name of his wife's sister.

The present salary of the officer was Rs. 16,000 a month, and the properties owned by him indicated he owned assets disproportionate to his known sources of income, the Lokayukta officials said. Srinivas, who joined service in 1971, had kept Rs. 10 lakh in fixed deposits in the name of his children and wife, invested a similar sum in shares, and owned jewellery worth Rs. 5 lakh.

The properties allegedly owned by Mr. Srinivas in his name, in the name of his wife and children are as follows:

One bungalow each built on sites measuring 40X70 sq.ft. and 60X90 sq.ft. at the Central Excise Layout and another area, both at Vijayanagar in Bangalore; a bungalow in Chikmagalur; two industrial buildings in Kamakshipalya Industrial Estate, Bangalore; 18 acres of garden land and a posh farmhouse at Kudrugeri in Bangalore North taluk; a big shopping complex, Ramya Plaza, at Amarajyothinagar in Bangalore; two sites measuring 48X58 sq.ft. in KG Layout, Amarajyothingar; a shopping complex under construction on a site measuring 60X90 sq.ft. at 17th Cross, Vijayanagar; two sites measuring 80X100 sq.ft. at Sampangi Layout, Bangalore; and a house at Basaveshwaranagara II State in Bangalore.

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