The properties of veteran producer and politics leader Ambika Krishna including his resident are under the flash raids by Central Bureau of Investigation(CBI) on Wednesday. The CBI sleuths reported conducting searches in all the properties under the name of Ambika Groups in Eluru, West Godavari district.
Sources at CBI stated that the searches were conducted in the wake of allegations that the company took multiple loans from banks under different names related to Ambika Groups. While the searches are on in the residence of the former politician as well, it was learnt that all the family members of Ambika Krishna are under the scanner of the institution.
As any sort of official statement is yet to be released by either CBI or Ambika Groups, it can be recalled that CBI sleuth earlier conducted searches at Eluru Power Peta State Bank. However, it was learnt that the CBI officials would reveal the details of the raid.