A day after gangster Nayeem was shot in Shadnagar, Telangana Police continued raids at several places across four districts unearthing his massive assets and properties worth hundreds of crores. Nayeem a naxalite turned gangster, involved in 100 criminal cases, including 20 murders, was shot in an encounter in Shadnagar of Mahabubnagar district on Monday.
Documents of lands and properties worth more than `1,000 crore is part of the assets unearthed during the raids forcing the authorities to seek help of the Income Tax department.
In searches conducted at his homes in Hyderabad and the houses of his family members and associates, police seized a big cache of arms, ammunition, explosives and `3.18 crore cash.
In view of the vast empire, including hundreds of acres of prime land in Hyderabad and other place left behind by Nayeem, special team of State revenue department, CID, directorate of revenue intelligence and Income Tax department was constituted for further probe.
In the search at his house in Alkapuri colony, which continued for 12 hours, police seized `2.8 crore in cash, 1.93 kgs gold in the form of jewellery and biscuits, gem studded watches, .22 mm pistol, three 9mm pistols, a dummy revolver, 10 gelatin sticks, 138 lives rounds of ammunition, 200 mobile phones, 350 sim cards, an Audi car and documents of lands in several States.
During the search at another house in Vanasthalipuram area of the city, police found Rs 38.5 lakh cash, three pistols, 22 live rounds and land documents.
Police questioned Nayeem’s wife Farhana and her two children to gather more information. Police also found five gunny bags full of documents of lands and farm houses and other properties in Hyderabad, Cyberabad, Ranga Reddy and Nalgonda districts. Officials estimate that the value of his lands only in Hyderabad was over several hundred crores. The documents suggest that he had accumulated 67 acres in the upmarket Kondapur area of Hyderabad valued at `1,675 crore.