The raids were conducted at the residence of his businessman son-in-law Vishnu Prasad in a posh locality in the and I-T officials are learnt to have recovered cash running into a few crores, sources said.
Different teams of officials conducted raids at various properties in the city belonging to Prasad, Chiranjeevi's elder son-in-law and the raids which started on Friday went on till Saturday, sources added.
Meanwhile, Chiranjeevi, a Rajya Sabha member, has said he had nothing to do with the raids.