The Telangana Anti-Corruption Bureau sent NIMS Additional Medical Superintendent Nori Lakshmi Bhaskar to Chanchalguda prison after completing his three-day police custody in a disproportionate-assets case involving properties and financial transactions valued at Rs.6.13 crore, according to the agency.
Bhaskar, 56, was arrested on September 22 after the ACB registered a case alleging that he had accumulated assets disproportionate to his known sources of income through corrupt practices and other dubious means during his service. The report concerns a senior official at the Nizam’s Institute of Medical Sciences, one of Hyderabad’s major public healthcare institutions.
The ACB conducted searches at Bhaskar’s residence at Kalpataru Apartments in Erragadda and seven other locations linked to his relatives, friends, alleged benamis and associates. The agency said its officials collected documents relating to flats, open plots, investments in financial institutions, gold ornaments and vehicles.
The total value of the assets identified during the searches was placed at Rs.6.13 crore. The ACB, however, said the market value of the movable and immovable properties could be many times higher than their documented value. The distinction between document value and market value is significant in the case because the agency’s assessment is based on records and property-related material collected during the searches.
During the police-custody period, the ACB questioned Bhaskar about assets allegedly acquired in the names of benamis and other people. The agency said he was initially tight-lipped but later provided information during sustained questioning. These claims remain part of the ongoing investigation and have not been established by a court.
The case also includes an alleged investment of Rs.1.30 crore in a flat that was under dispute before the Debt Recovery Tribunal. In addition, the ACB said Bhaskar had lent Rs.1.33 crore to various people as hand loans. The agency has not, in the supplied report, detailed the identities of the borrowers, the terms of those loans or how the transactions were connected to the alleged disproportionate-assets case.
The ACB case has been registered under provisions of the Prevention of Corruption Act, 1988. The searches and custody proceedings form part of the investigative process, while the allegations against Bhaskar will be subject to judicial examination. The immediate next step reported by the agency is the continuation of the case after the completion of his three-day police custody and his transfer to Chanchalguda prison.
