On credible information, a case of Disproportionate Assets was registered against Yadla Satyanarayana, Principal, Govt. ITI, Gajuwaka, Visakhapatnam District and on March 27, 2014 simultaneous searches were conducted at the house of Y. Satyanarayana, his relatives and friends and at a private ITI college at Visakhapatnam City.
During the searches 5 Residential houses/flats at Visakhapatnam city worth Rs.56,71,900, 5 house plots at Visakhapatnam city Rs.49,52,930/-, Share in 2 private ITIs at Visakhapatnam city and Srikakulam district worth Rs. 20 lakhs, Promissory Note worth Rs. 40 lakhs. Gold ornaments worth about Rs.1,85,000, Silver articles worth about Rs.10,000, Bank balance of Rs.9.50 Lakhs, Cash of Rs. 3,35,000, house hold articles worth of Rs.4,23,000, 2 two wheelers worth Rs.50,000 and 2 Skoda Cars worth Rs.20 lakhs were identified.
All worth about Rs. 2 Crores (as per documentary value) were unearthed. The Market Value is approximately about Rs. 4 Crores. Yadla Satyanarayana was arrested and sent to Judicial Remand. The case is under investigation.
During the searches 5 Residential houses/flats at Visakhapatnam city worth Rs.56,71,900, 5 house plots at Visakhapatnam city Rs.49,52,930/-, Share in 2 private ITIs at Visakhapatnam city and Srikakulam district worth Rs. 20 lakhs, Promissory Note worth Rs. 40 lakhs. Gold ornaments worth about Rs.1,85,000, Silver articles worth about Rs.10,000, Bank balance of Rs.9.50 Lakhs, Cash of Rs. 3,35,000, house hold articles worth of Rs.4,23,000, 2 two wheelers worth Rs.50,000 and 2 Skoda Cars worth Rs.20 lakhs were identified.
All worth about Rs. 2 Crores (as per documentary value) were unearthed. The Market Value is approximately about Rs. 4 Crores. Yadla Satyanarayana was arrested and sent to Judicial Remand. The case is under investigation.
