A senior official of Excise and Prohibition Department has been allegedly found in possession of assets worth about Rs five crore and Rs seven lakh in Rs 2,000 notes were also seized from him, Anti-Corruption Bureau sources said today.
Raids on the properties of Additional Commissioner K Lakshman Bhaskar were conducted at 11 places in AP and Telangana yesterday and today that led to unearthing of huge assets worth about Rs five crore, they said.
New currency notes of Rs 2,000 denomination worth Rs seven lakh was also recovered from the accused.
Several crucial documents relating to Bhaskar's properties and his benamis were also seized during the raids, the ACB sources said.
The sleuths are yet to open his lockers in various banks, which could reveal more treasure, they said.
He was apprehended and taken to Visakhapatnam as part of investigation of the case, the sources said.
Bhaskar, a native of Ramanapalem area in West Godavari, had worked in various Excise Department in Visakhapatnam.
The raids were conducted in Visakhapatnam, Vijayawada, Hyderabad, Rajahmundry and his hometown Ramanapalem, they added.
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