The Telangana Anti-Corruption Bureau (ACB) seized Rs 1.35 crore in cash from the residence of Bomma Venkatesh in Hyderabad on Thursday. The raid, part of a fresh wave of searches across 10 locations in Hyderabad and Zaheerabad, targeted assets allegedly held in the names of associates of suspended Deputy Superintendent of Police Sankireddy Bheem Reddy. Investigators also confiscated 14 litres of foreign liquor, which they have referred to the Excise Department for separate legal action under applicable laws.
This is not the first time investigators have knocked on doors connected to Bheem Reddy. The ACB registered a disproportionate assets case against him on June 27 under Sections 13(1)(b) read with 13(2) of the Prevention of Corruption Act. Following an initial round of searches in July that scoured 16 locations in Telangana and Karnataka, the bureau arrested Bheem Reddy on July 6. Those earlier raids yielded Rs 43.6 lakh in cash, 2 kg of gold, 20 kg of silver, and bank balances totaling nearly Rs 19.91 lakh.
The investigation has now expanded its net to trace the origins of a vast web of financial transactions. Investigators estimate the total market value of properties, agricultural land, and commercial investments linked to Bheem Reddy and his network at approximately Rs 300 crore. The bureau is currently scrutinizing bank statements and property records to identify which assets are held in the names of relatives, associates, and suspected benamidars.
The case has taken on a multidimensional legal character with the Enforcement Directorate launching a separate money-laundering investigation. As the ACB continues to examine the flow of funds, the pressure on Bheem Reddy, who was serving as DSP for Police Computer Services in Hyderabad before his suspension, intensifies. The next phase of the inquiry will likely involve the formal charge-sheet and further searches to trace the remaining unaccounted assets in the Rs 300-crore estimate.