The CBI is conducting searches in more than 10 cities across the country, following the directions of the AP High Court, to probe Y S Jagan's alleged illegal assets.
The CBI continued the raids on companies and properties owned by Kadapa MP Y S Jaganmohan Reddy for the second consecutive day, on Friday.
It also continued searching various premises, as part of its Emaar case investigation.
In the city, a 15-member CBI team searched the offices of Brahmani Infotech, Penna Cements, Nimmagadda Foundation, Aurobindo Pharma at Ameerpet, Vanpic at Banjara Hills and RR Globals.
The CBI is conducting searches in more than 10 cities across the country.
Following the directions of the Andhra Pradesh High Court, the CBI had registered a case against Y S Jaganmohan Reddy and others and launched a full-fledged enquiry into his alleged illegal assets.
Textiles Minister Dr. P Shankar Rao, in his petition, had alleged that corporate entities and individuals (who were allotted land for SEZs, mines and irrigation projects) had pumped in kickbacks in the form of investments in Jagan's businesses, that include 2 media outfits - a Telugu news daily and a TV channel.
A case of cheating and has criminal conspiracy has been booked against Jaganmohan Reddy by the CBI.
However, the CBI probe seems to have sprung many surprises. The CBI teams also raided the company and residence premises of Lanco Group chief Lagadapati Sridhar, brother of Vijayawada Congress MP Lagadapati Rajagopal.
The CBI has not yet clarified which case the Lanco raids are associated with.
Teams have also raided the house and offices of Indu Projects chairman Shyam Prasad Reddy and Parthasarathy Reddy of Hetero Drugs.
So far, the company premises of Dalmia Cements, India Cement, Penna Cement offices, Harish Commerce, PVP Ventures, Potluri Varaprasad Company, RR Global, Sandur Power Project, Spoom Solutions, Jubilee Media, Karmel Asia, Gilchrist, Sandeep Labs and Mantri Apartments on Vithal Mallya road in Bengaluru have ben searched.
The CBI is likely to submit an interim report on the outcome of the searches, on 23 August, to the High Court.
However, it will seek more time to study the documents and computer hard-disks recovered.
Meanwhile, Jagan is likely to be arrested only after fresh directives by the court. (INN)