ED conducts searches on suspended HMDA official Shiva Balakrishna properties; Rs 250 crore assets flagged by ACB

Enforcement Directorate searched multiple locations connected to Shiva Balakrishna. He is a suspended HMDA official. The action relates to disproportionate assets. Anti-Corruption Bureau had arrested him earlier. ED issued a case under PMLA. The agency suspects quid pro quo deals with realtors. ACB's FIR revealed Balakrishna amassed significant assets. ED is facing challenges due to limited document sharing by ACB.

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