Nune Sridhar also allegedly spent crores of rupees on his son’s destination wedding in Thailand, and also owns stakes in several hotels in Telangana.
Nune Sridhar, an executive engineer in the Telangana state Irrigation & CAD Department, was arrested by the state’s Anti-Corruption Bureau (ACB) on Tuesday on corruption charges after it was found that he had amassed wealth which is well beyond his legitimate income. As per law enforcement agencies, Sridhar’s list of ill-gotten properties include 19 prime residential plots, four flats, and a lavish villa.
Nune Sridhar also allegedly spent crores of rupees on his son’s destination wedding in Thailand, and also owns stakes in several hotels across the state, they said.
Nune Sridhar owns property worth hundreds of crores
On Tuesday, the ACB raided 13 locations linked to Nune Sridhar, and seized disproportionate assets allegedly owned by him, including a 4,500 square foot flat in the posh Sky High residential complex in Sheikhpet, Hyderabad, and three other flats in Karimnagar.
According to the agency, Sridhar also owns a luxury villa in Tellapur near Hyderabad, three independent buildings in Warangal, Karimnagar and Hyderabad, 19 prime residential plots in the three cities, 16 acres of agricultural land and has stakes in several hotels in Karimnagar worth several crores of rupees, besides cash, jewelry and bank deposits, that are hugely disproportionate to his income.
Sridhar involved in corruption case that toppled KCR govt
As per reports, Nune Sridhar was involved in the Kaleshwaram Lift Irrigation Project, which is surrounded by allegations of corruption. The PC Ghosh commission, which is investigation the alleged irregularities in the project, has summoned former Telangana Chief Minister and Bharat Rashtra Samiti (BRS) supremo K Chandrasekhar Rao (KCR).
Congress had flagged Kaleshwaram Lift Irrigation Project corruption as a major issue in the 2023 state assembly polls, even as the then ruling BRS had refuted the allegations as baseless, claiming the project was built to promote the welfare of Telangana citizens.
Meanwhile, Nune Sridhar has been charged in a disproportionate assets cases, the ACB said, adding that all his financial and property documents, as well as transaction records, are being thoroughly examined to detect potential benami holdings and corruption in irrigation contracts under his watch.
