Dasari Narendar: Raid on Telangana Nizamabad Municipal Corporation Officer Recovers Rs 3 Crore Cash, Gold Worth Lakhs

During a search at officer Dasari Narendar’s residence, the Anti-Corruption Bureau (ACB) discovered a significant amount of assets. This included Rs 2.93 crore in cash, a bank balance totaling Rs 1.10 crore in accounts held by Narendar, his wife, and his mother, around 51 tolas of gold worth Rs six lakh, and 17 immovable properties valued at Rs 1.98 crore.

The total value of the assets seized amounted to approximately Rs 6.07 crore. The raid was conducted as part of a case registered against Narendar for having disproportionate assets, which were found to far exceed his known sources of income.

Following the raid, Narendar was arrested and will be produced before the special court in Hyderabad. The case against Narendar falls under the Prevention of Corruption Act, 1988, specifically Sections 13(1)(b) and 13(2), which deal with the acquisition of assets disproportionate to known sources of income through corrupt practices.

The ACB is further conducting searches to recover additional assets.