The bullets, which are a prohibited bore, had been handed over to police. The seizure was made from the residence of Morad, CBI sources said.
Hundreds of pages of records had also been seized during the raids held since early this morning at 12 places in Kochi and ten in Thiruvananthapuram, they told PTI.
The Kerala High Court had in March this year directed CBI to probe the two land grabbing cases in Thrikkakara in Kochi and Kadakkampally in Thiruvananthapuram while allowing two petitions by N K Shariffa and Premchand Nair, who had accused Raj of using his influence to assist relatives to grab prime properties in the state.