Hyderabad, July 25 -- The Directorate of Enforcement (ED), Hyderabad Zonal Office, conducted search operations on July 24 at three locations in Hyderabad under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with a disproportionate assets case against Siva Balakrishna (suspended Director of HMDA and Secretary-in-charge of TGRERA) and others.

The ED initiated an investigation on the basis of an FIR registered by the Anti-Corruption Bureau (ACB), Hyderabad, against Siva Balakrishna and others for amassing assets disproportionate to their known sources of income.

Raids in Hyderabad linked to benami deals and realtor connections

The FIR alleged acquisition of properties in his and his family members' na...