Looks like there’s no end to Kakinada DTC Adimoolam Mohan’s corruption. The ACB officials who raided various properties belonging to Mohan are shellshocked with the way he diverted his illegal assets to his benami companies spread across the twin Telugu states and in Karnataka. According to the latest reports, Mohan’s disproportionate assets now amount to Rs. 1,000 crores.
When the ACB officials began their raids on Mohan’s properties on Thursday, they valued his illegal assets to the tune of Rs.350 crores. Soon when the investigating officials dug deep into Mohan’s properties, the count began increasing to Rs.500 to 800 crores and finally tallied up to Rs 1,000 crores until the latest update.
With the investigators taking Mohan’s benami Mallikarjun Goud in Nellore yesterday, more information about the DTC’s fraudulent companies is expected to come into light. Mallikarjun Goud is the right hand to Mohan and he oversees all the financial dealings for the DTC in three states.
Mohan founded several benami companies on his daughters Saisri and Sai Teja’s names and even bought several properties in his wife’s hometown Bellary. Mohan also duped several banks in the process and Punjab National Bank in Lakdi Ka Pul (1 cr), Federal Bank (2 cr), Allahabad Bank in Himayat Nagar (2 cr), Punjab National Bank n Abids (2 cr), Karur Vysya Bank and PNB in RP Road (4 CR) are the banks he has defaulted after taking loans through his benami companies.