Udupi (Karnataka), March 13 The Karnataka Lokayukta police have registered an asset disproportion case against Udupi Excise Deputy Commissioner T M Srinivas after searches at multiple locations allegedly revealed assets worth Rs 8.69 crore beyond his known sources of income, officials said on Friday.
Lokayukta officials conducted simultaneous raids on March 11 at 15 locations linked to the officer, including his residence, office, and properties belonging to his relatives.
During the searches, investigators allegedly found immovable properties valued at Rs 6.90 crore, including 11 sites, six houses, and about 31 acres of agricultural land reportedly owned by Srinivas and his family members, officials said.
The officials also seized movable assets estimated at Rs 2.66 crore. These include cash of Rs 3.95 lakh, gold jewellery valued at Rs 1.47 crore, vehicles worth Rs 17 lakh, bank deposits totalling Rs 25.75 lakh, and other valuables estimated at Rs 72.68 lakh.
According to Lokayukta police, the total value of assets suspected to be disproportionate to Srinivas' legitimate income has been assessed at Rs 8.69 crore.
Authorities said the searches were carried out following credible information suggesting the officer had accumulated wealth beyond his known sources of income during his government service.
Documents and financial records seized during the raids are being scrutinized to determine the ownership and source of the assets.
A case has been registered, and further investigation is in progress.