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The Telangana Anti-Corruption Bureau (ACB) uncovered movable and immovable assets worth approximately Rs 6 crore during searches conducted on Thursday at properties linked to an irrigation department engineer in a disproportionate assets case. The action targeted Ragiri Satyanarayana, a Deputy Executive Engineer posted in Nagarkurnool. ACB teams carried out simultaneous searches at multiple locations in Shapur in Wanaparthy district and across Hyderabad, uncovering agricultural land, a farmhouse, residential properties, gold, vehicles, and financial investments. Officials stated that the preliminary valuation of around Rs 6 crore is based on prevailing government rates.
According to ACB officials, Satyanarayana joined the irrigation department as an Assistant Engineer in 2005 and currently serves as a Deputy Executive Engineer in Nagarkurnool. His wife is also employed in government service and works at the Telangana State Power Transmission Corporation (TRANSCO) at Vidyut Soudha. During the searches, investigators identified several properties registered in the names of the engineer, his wife, and their relatives. The agency has initiated an inquiry into the legitimacy of these acquisitions and the financial sources used to purchase them.
Land Holdings and Residential Properties Identified
During the search operations, officials recovered documents pertaining to approximately 25 acres of agricultural land along with a farmhouse located in Wanaparthy district. Investigators also found records for nine open plots registered in the names of Satyanarayana, his wife, and other relatives. The ACB has taken custody of these land documents and begun evaluating their market value and tracing the funds utilized for their purchase.
In addition to the rural holdings, officials identified multiple residential properties across different parts of Hyderabad. These include a villa in the Uppuguda area, a three-bedroom flat in Karmanghat, and a two-bedroom flat in Nagole. Investigators are examining the exact timelines during which these properties were acquired and verifying the financial channels used for the transactions.
Gold, Vehicles, and Financial Investments
The searches also led to the discovery of approximately 50 tolas of gold ornaments and valuables. Alongside the gold, ACB teams documented three four-wheelers and one two-wheeler belonging to the family. While compiling the inventory of seized items and assets, officials scrutinized the financial portfolio linked to the engineer and his household.
Investigators found evidence of investments worth around Rs 20 lakh in mutual funds and other financial instruments. Furthermore, officials uncovered multiple insurance policies held with the Life Insurance Corporation of India (LIC) and other private insurance providers. Authorities noted that the total surrender and maturity value of these insurance policies is currently being calculated, and a clearer picture of the overall wealth will emerge once the assessment of all financial documents is completed.
Probe Into Income and Asset Discrepancy
A central focus of the ACB investigation is determining the gap between Satyanarayana’s declared official income since he joined service in 2005 and the total value of assets accumulated by him and his family. The agency is examining the funding sources behind the purchase of the agricultural land, farmhouse, open plots, and residential flats. Officials indicated that bank account statements, investment records, property registration papers, and other financial documents will undergo detailed verification.
While properties registered in the names of his wife and relatives have been brought under the ambit of the probe, officials noted that holding assets in the names of family members does not automatically establish illegal acquisition. The ACB must legally establish the actual source of funds for those properties and prove whether their combined value exceeds the engineer’s known sources of income. Officials added that the Rs 6 crore figure is an initial estimate based on government rates, and the final valuation could change depending on market rates and the assessment of insurance policies, after which appropriate legal action will be determined.
