ACB conducts searches at NIMS over asset allegations

Hyderabad: Anti-Corruption Bureau officials conducted searches at NIMS on Tuesday morning following allegations against Additional Superintendent Dr Lakshmibhaskar. The searches were carried out simultaneously at 12 locations across three districts.

The ACB launched the searches over allegations that Dr Lakshmibhaskar possessed assets disproportionate to his known sources of income. Officials searched his residence and office as part of the operation.

The teams also searched the houses of his relatives and close associates. According to the source, officials had already identified some suspected illegal assets during the searches.

Officials were also reportedly examining cash found at properties linked to the doctor. They were checking financial records and other documents as the searches continued.

The ACB teams examined bank lockers, deposits and documents related to immovable properties. These records were being checked to establish details of the assets under scrutiny.

The action followed earlier cases and allegations against Dr Lakshmibhaskar. The source stated that cases had previously been registered over alleged land transactions and diversion of funds.

According to the source, ACB officials had kept him under surveillance based on these allegations. They later conducted the searches after receiving specific information.

Officials were also collecting details from the properties covered by the operation. The searches included locations associated with the doctor, his relatives and people close to him.

ACB searches at NIMS cover cash, lockers and property records

During the searches, officials examined property documents and other financial records linked to Dr Lakshmibhaskar. They also checked bank lockers and deposits as part of the operation.

Meanwhile, searches continued at 12 locations across three districts. The teams were examining the documents and other material collected during the searches.

The source reported that officials had identified some suspected illegal assets. It also stated that cash exceeding the expected amount was found at properties linked to the doctor.

However, the source did not specify the exact amount of cash found during the searches. It also did not provide the total value of the properties identified by the officials.

ACB officials are expected to disclose the details of the cash and assets after completing their examination. The agency may also provide details of the properties and other material seized during the searches.

The allegations against Dr Lakshmibhaskar concern assets allegedly disproportionate to his known sources of income. Officials were examining financial and property records in connection with those allegations.

The source also referred to earlier allegations involving land transactions and alleged diversion of funds. Those matters formed part of the background to the current ACB operation.

The searches were continuing at the time of the report. Further details are expected after officials complete their examination of the records, lockers, deposits and properties.

The ACB is expected to officially disclose the details of the assets and cash recovered during the operation. The final details will depend on the completion of the searches and verification of the records.