The searches were held in two places each in Gulbarga, Chitapur, Humnabad and Bangalore, a Lokayukta release said.
Documents concerning various properties were seized, it said.
The authorities said they were perusing 12 bank accounts and estimating the value of some of the properties found.
Shantappa had filed a private complaint against Chinchansur, Gurumitkal constituency MLA, accusing him of amassing Rs 12.92 crore worth of assets which are disproportionate to the known sources of income of the legislator.