Bhubaneswar, Aug 18: Vigilance sleuths have traced properties worth Rs 1.51 crore of Sitaram Sahoo, Industry Promotion Officer (IPO), office of General Manager, District Industries Centre (DIC), Puri.

Vigilance sleuths on Wednesday have conducted raids at five places including the office of Sahoo on allegations of acquisition of assets disproportionate to the known sources of income.

Sahoo was found in possession of assets worth Rs 1.51 crore including two double-storied buildings in Bhubaneswar and Nayagarh, five plots, bank deposits over Rs 34.76 lakh and insurance deposits over Rs 4.42 lakh.

Vigilance sleuths said that the search process is still continuing. “The simultaneous searches were conducted on the basis of a court warrant and further investigation in the case is continuing. We are ascertaining the actual income of the officials,” said a vigilance official.  He also said that the income of the official would be calculated to ascertain the gap between the cost of assets and actual income.