For the second consecutive day on Friday, the Central Bureau of Investigation (CBI) team conducted searches across Andhra Pradesh on businesses owned by YSR Congress president Y. S. Jaganmohan Reddy and corporate offices of companies that invested in his firms. 

CBI teams had already begun searches or were on their way to various locations in Mahabubnagar, Nalgonda, Guntur and Khammam districts. In Hyderabad, searches were in progress in seven different locations. 

The raids were a consequence of the FIRs the CBI had filed on Wednesday registering cases of criminal conspiracy, cheating, falsification of records and corruption under different sections of the Indian Penal Code against Mr. Jaganmohan Reddy following directions of the Andhra Pradesh High Court last week. 

On Thursday, CBI sleuths had searched as many as 91 premises of several companies in Hyderabad, Bangalore, Chennai, Delhi, Kolkata, Mumbai and Rajkot that had invested in firms floated by Mr. Reddy. The High Court had found prima facie evidence in the allegations contained in the petitions filed by P. Shankar Rao, a Congress MLA who has since become Minister, and some Telugu Desam leaders that there was a quid pro quo in the form of investments made in Mr. Jagan’s firms for favours doled out by his father, the late Y. S. Rajasekhara Reddy.  

According to CBI sources, among the targets of their searches on Friday were Penna Cements, VANPIC, R. R. Globals, Aurobindo Pharma, Nimmagadda Foundation, Navbharat Ventures, Brahmani Infotech, the Special Economic Zone in Jadcherla where Aurobindo Pharma and Hetero Drugs have offices, Bayyaram iron ore mines,  Bommarillu Developers and Haritha Fertilizers.