The CBI has once again started to show its effect in Andhra Pradesh. We have witnessed the arrests of several TDP leaders in the last few months by the ACB and the CBI people. Now, the CBI is conducting searches on Ambika companies in Eluru, West Godavari district. CBI officials are also conducting searches at the homes of proprietors of the Ambika companies as well as the houses of their family members.
Reportedly, there is a tip regarding the collection of loans and the irregularities that are happening in the companies. Authorities are conducting inspections in the wake of the collection of loans under different names related to the same Ambika companies. Meanwhile, CBI searches are on at the residence of Ambika Krishna, head of Ambika companies.
Earlier, CBI officials also conducted searches at Eluru Power Peta State Bank. However, after 7 months, CBI officials are conducting another search. Neither the authorities nor Ambika nor the media have come forward so far regarding these searches or the investigation process. However, CBI officials will hold a media meet this evening to reveal the details of the loans and what was found in their raids.