`2.06cr seized from taxman
Single males allowed 100 gm
A Tollywood film produced by an I-T officer’s sons who were not having any income during its production led the CBI to nail the officer the Kondapur range in the city.
CBI, Hyderabad, which booked a case under the Prevention of Corruption Act on November 30, conducted searches on Thursday on Boddu Venkateswara Rao alias B.V. Rao and unearthed disproportionate assets to the tune of `2.06 crore which is 212.64 per cent in excess of his known income. Searches were conducted at KPHB and Kondapur.
The CBI said Mr Rao was indulging in corrupt practices in his official work and received huge amount of bribes from assessees.
In the FIR, the CBI alleged, “It has come to be known that a film production company in the name of Saptavarna Creations is owned by Mr Boddu Sujan, the first son of the suspected officer and they produced a Telugu film titled I Am In Love.
The CBI said income-tax officer B. Venkateswara Rao’s sons did not have any source of income for producing a film and it was produced by the official himself.
A film produced by income-tax officer Boddu Venkateswara Rao’s sons who were not having any income during its production led the CBI to book the officer belonging to Kondapur range in Hyderabad.
The second son, Boddu Kiran was the hero of the film. It was gathered that Rao had ploughed his ill-gotten wealth into the production of the film.”
The CBI said his sons did not have any source of income for producing a film and it was produced by Mr Rao. The film made at a cost of `1.8 crore and was released in 2014. About `20 lakh was used for the audio release, advertisement and theatre booking cost, the CBI alleged.
The CBI calculated his income and other receipts from 2010 to 2016 at `97 lakh approximately. He had expenditure and other payments to the tune of `28.63 lakh and his savings were likely to be `68.38 lakh. Rao had movable and immovable assets valued at `2.78 crore as on October 31 in 2016, of which assets amounting to `3.9 lakh assets, a house at MIG Kukatpally Housing Board Colony, were owned by him before April 1, 2000, the period checked.
He had assets to the tune of `2.74 core as against likely savings of `68 lakh during the period checked, and the CBI estimated the officer’s disproportionate assets at `2.06 crore.
A case has been booked under criminal misconduct by public servant for possession of assets disproportionate to known sources of income under PC Act, stating that there is prima facie information on the commission of cognizable offence. The CBI alleged that he had invested money in different places in his name and in that of his family.