Hyderabad, Feb 13, 2018 : K Purushotham Reddy, who was recently suspended from his position as director (planning) of Hyderabad Metropolitan Development Authority (HMDA) for amassing disproportionate assets and is on the run, knew how to spend money.
The Anti Corruption Bureau (ACB) of the Telangana Police stumbled upon a Rs 40 lakh booze bill paid towards a cocktail party at the sangeeth function of his daughter Vidhita Reddy’s wedding in November 2016.
While the booze bill was only the tip of the iceberg, ACB officers are looking into the source of a Jaipur-made huge diamond necklace and earrings and golden jewellery worn by his daughter.
According to ACB District Superintendent of Police Ashok Kumar, diamond necklace sets, a diamond and gold necklace, long chain gifted by the accused to his daughter and bills of jewellery were traced from the office of the accused.
The HMDA officer, who amassed Rs 50 cr worth assets as per moderate estimates, also gifted a Rs 3.2 crore industrial complex at Rajiv Gandhi Nagar, in Moosapet, to his daughter.
Reddy’s son-in-law Nipun Reddy, his father Radhacharan Reddy and younger brother Nishanth Reddy are also in the soup for their role in laundering the wealth.
Purushotham Reddy is absconding since the day ACB sleuths raided properties belonging to him here on February 2 .
The officials initially seized disproportionate assets worth Rs 25 crore.
A lookout notice has been issued to the Bureau of Immigration to trace him, as officials suspect he might have crossed borders.