The CBI teams have launched raids on the residences and offices of YSR Congress Party President and Kadapa M.P. Y.S. Jagan Mohan Reddy in five cities including Hyderabad, Chennai, Bangalore, Mumbai and Kolkata simultaneously on Thursday. Two CBI teams searched the offices of Jagathi publications which is publishing and telecasting Sakshi Telugu daily and Sakshi TV Channel respectively and offices of Bharati cements. The CBI teams also searched the residences of the M.P.’s relatives. The CBI sleuths raided the residences of the investors, who made investment in the business companies of Jaganmohan Reddy. AIR correspondent reports, CBI officials searched the residence of Nimmagadda Prasad, owner of Matrix company, which made huge investments in Jagan’s companies.