BENGALURU – The Central Bureau of Investigation (CBI), Anti-Corruption Bureau (ACB) Bangalore, has registered a First Information Report (FIR) against Mr. R.L. Parameshwaraiah, the former Joint General Manager (Project) at the Housing & Urban Development Corporation Ltd. (HUDCO), for allegedly amassing assets vastly exceeding his known sources of income.
The FIR (RC0372026A0002), registered on January 30, 2026, follows a lengthy verification process involving the Income Tax Department and state government sanctions.
The “Maroon Suitcase” Trail
The investigation originated from an Income Tax search conducted on the premises of Shri Anil Kumar G, a civil contractor for the BBMP. During the search, authorities recovered a maroon and blackish VIP suitcase containing:
- Three bank locker keys.
- ₹1.35 lakhs in cash.
- 275.98 grams of gold jewellery.
- Various property documents, including sale and lease agreements.
While the contractor initially claimed the suitcase belonged to his friend, Parameshwaraiah, the HUDCO official later admitted ownership, stating he had moved the suitcase to the contractor’s home “fearing theft”.
Lockers and Ghost Ownership
The three keys led investigators to lockers at the Bank of Maharashtra (Yelahanka) and Axis Bank (Attur). Although the lockers were officially held in the name of an associate, Shri G. Kishore Naidu, Naidu testified under oath that the keys were kept and operated exclusively by Parameshwaraiah’s wife, Smt. Mahalakshmi.
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A total of ₹86.35 lakhs in cash was seized from these lockers, for which Parameshwaraiah could provide no legal explanation.
Legal Action and Next Steps
The FIR has been filed under Sections 13(2) r/w 13(1)(e) of the Prevention of Corruption Act, 1988, and its 2018 amendment. The registration comes after the Government of Karnataka and the Department of Personnel and Training (DoPT) provided the necessary legal consents in late 2025 and early 2026.
The case has been assigned to Inspector Sachin of the ACB Bangalore for further investigation. The FIR was officially signed and dispatched to the court by Vinayak Varma, Superintendent of Police and Head of Branch, CBI ACB Bangalore.
