HYDERABAD: The Anti-Corruption Bureau (ACB) of Telangana escalated its probe into the disproportionate assets case against suspended Deputy Superintendent of Police (DSP) Sankireddy Bheem Reddy on Thursday, September 24, launching simultaneous search operations across multiple locations targeting his alleged benamidars.
A team of ACB officials, supervised by ACB DSP Gangasani Sridhar, executed search warrants in the Puppalaguda and Ibrahimbagh areas of Hyderabad after identifying eight individuals suspected of holding high-value properties on behalf of the suspended police officer.
During Thursday’s operations, ACB investigators recovered substantial cash and incriminating property documents linked to the officer’s financial trail:
Officials recovered over ₹1.5 crore in cash from the residence of a Chartered Accountant (CA), Venkatesh, who is suspected of managing financial transactions and real estate holdings for the officer.
Agents seized land deeds, bank statements, and digital records detailing multiple real estate investments held under the names of associates and proxy owners.
Bheem Reddy, previously assigned to Police Computer Services (PCS), was arrested by the ACB on July 6 following extensive searches across 16 locations in Telangana and Karnataka. Initial raids unearthed vast moveable and immovable assets—including 45 acres of land, nearly 2 kg of gold, 20 kg of silver, and multiple residential plots—estimated to carry a market valuation exceeding ₹150 crore to ₹300 crore.
Previous findings revealed that several low-income associates, including a former home guard and a watchman, were allegedly utilized as proxy owners (benamidars) to conceal agricultural land and commercial real estate purchases.
The Enforcement Directorate (ED) registered a parallel money laundering case under the Prevention of Money Laundering Act (PMLA) against Bheem Reddy earlier this month. Federal investigators are tracking whether illicit funds accumulated through official corruption were funneled through shell channels or invested into real estate properties across southern states.
ACB officials stated that financial forensic analysis of the seized digital devices and documents is currently underway, and formal summons will be issued to the identified benamidars for detailed questioning.
