The Central Crime Branch (CCB) police on Thursday conducted raids at the Ballari and Bengaluru residence of mining baron Janardhan, in connection with a money transaction worth crores of rupees allegedly linked to a Ponzi scheme and seized some documents.
Simultaneous raid was also conducted at the Bengaluru residence of Ali Khan, personal assistant of Reddy.
Sayed Fareed, owner of Ambident Pvt Ltd who is currently under police custody is said to have shared some important information with regard to the illegal exchange of demonetized currency notes, said sources.
