Hyderabad police have found that iBomma founder Immadi Ravi, who ran the piracy platforms iBomma and Bappam, had allegedly transferred money earned through illegal activities to several of his close friends.
Ravi is currently in five-day police custody and is being questioned about his financial network and assets.
During interrogation, Ravi reportedly admitted that he used his illegal earnings to fund foreign trips and to buy properties in Andhra Pradesh and Hyderabad.
Police sources say they have detected large deposits in his overseas bank accounts.
After Monday’s questioning, officials will produce him before the court.
The investigation team, armed with technical evidence, examined the IP addresses of the servers used for storing and operating his piracy portals.
Ravi, however,

Greatandhra

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