Overview

• On July 2, the Enforcement Directorate searched Shiva Balakrishna’s Rajendranagar home and his brother’s Chanakya Nagar residence in Hyderabad’s outskirts.
• Investigators seized documents related to property holdings and financial transfers to strengthen a money laundering case under the Prevention of Money Laundering Act.
• These operations stem from an Enforcement Case Information Report filed last year based on Anti-Corruption Bureau inputs after January’s disproportionate assets arrests.
• In January the ACB raided 17 sites and uncovered over ₹8.26 crore in assets, including cash, gold, and silver linked to Balakrishna and his associates.
• Balakrishna, a suspended HMDA director and former HMRL planning officer, faces charges under the Prevention of Corruption Act and remains under active ED investigation.