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Raid on Suspended DSP's Associate's Premises, Crores in Cash Recovered
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CNBC Awaaz•26-09-2026, 19:49
Raid on Suspended DSP's Associate's Premises, Crores in Cash Recovered
- •Telangana ACB intensified crackdown on alleged benami individuals linked to suspended DSP Sankireddy Bheem Reddy.
- •Raids conducted at 10 locations in Hyderabad and Zaheerabad, recovering ₹1.35 crore cash from Bomma Venkatesh's house in Manikonda.
- •Foreign currency, foreign liquor bottles, and property documents were also seized during the raid.
- •ACB identified eight suspected benami individuals linked to Bheem Reddy, including Venkatesh, who allegedly held properties for the DSP.
- •Previous action against Bheem Reddy in July revealed properties worth an estimated market value of ₹200 crore.
Key Questions Answered
During the raid at the house of Bomma Venkatesh in Manikonda, Hyderabad, the Anti-Corruption Bureau recovered approximately ₹1.35 crore in cash, foreign currency, bottles of foreign liquor, and property-related documents.
The ACB initially raided Bheem Reddy on July 2, uncovering disproportionate properties worth approximately ₹9.5 crore with an estimated market value reaching up to ₹200 crore or more.
The ED registered a money laundering case against Bheem Reddy because investigations indicated that his disproportionate assets amassed through corrupt practices during his service might have been channeled abroad.
