Commercial Taxes Commissioner held in disproportionate assets case

Wednesday, January 31, 2018

The Anti-Corruption Bureau today raided the properties of Commissioner, Commercial Taxes Department Gedddapu Lakshmi Prasad in Visakhapatnam, Guntur and Hyderabad.

According to ACB officials, Lakshmi Prasad is one of the senior most officers of Commissioner cadre next to the Chief Commissioner. The registration value of the documents pertaining to immovable properties bought over two decades is Rs.5.25 crore and the market value of those would be more than Rs.50 crore. The accused officer has all 22 residential plots, flats and agriculture and dry lands including two acres in Ameerpet, Maheswaram in Hyderabad costing Rs.1.5 crore on paper said ACB DG R.P.Thakur.

The accused officer has a palatial house in his hometown Srikakulam and a 400-square yard house site in Guntur, the rest of the properties are registered in the names of his two wives, mother-in-law and sister-in-law. The majority of the properties in Hyderabad and Guntur are in the names of his wives.

Lakshmi Prasad, a native of Kakarapalli in Srikakulam joined the department as CTO in 1987 in Guntur. He was promoted as Assistant Commissioner in 1994 and moved to Hyderabad as Deputy Commissioner.

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