The ACB sleuths raided the houses of CV Rambaba, P Manohar Babu, both Directors and residents of the upmarket Aurora Colony in Banjara Hills and G Surya Rao, CGM of HMWS&SB who resides in Padmasai Colony in East Marredpally early on Wednesday morning.

The immovable assets of Rambaba include a three-storeyed house at Aurora Colony, two plots in Ranga Reddy district, a flat in Nellore, 10 acre of agricultural land.

The sleuths found Rs 90,000 in cash, 400 grams of gold, Rs 17 lakh bank balances, Rs 4.30 lakh investments in LIC, two cars and a motorcycle worth Rs 11 lakh besides household articles worth Rs 6 lakh. The total assets are worth Rs 1 crore but the market value stands at over Rs 2.50 crore.

In the case of Manohar Babu, the sleuths found a three-storeyed house at Aurora Colony, another four-storeyed building in a 1,000-square yard land at Ayyappa Society, 400 grams gold, two cars, household articles worth Rs 5 lakh. The market value of his properties are over Rs 5 crore.

The CGM, G Surya Rao has a two-storeyed house in East Marredpally, 17 plots in and around Hyderabad, 20 acres of agricultural land at Keesara, 300 grams of gold, household articles worth Rs 10 lakh. The market value of his properties is over Rs 6 crore.

An ACB official said that further searches are in progress and some bank lockers have to be opened and more details about bank balances are awaited.

“This is the first time that three senior officers of HMWS&SB have been caught with disproportionate assets in a single day,” an ACB official said adding that the accused officers are being arrested.