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, claimed he had “forgotten” the server details.
Police suspect that when they reached his Hyderabad residence shortly after he returned from abroad, Ravi used the delay in opening the door to tamper with data on his laptop.
The laptop was later found in the washroom, and experts are now trying to recover the erased server information.
During interrogation, Ravi shared only personal information and avoided revealing details about his operations.
Police have now collected information about his friends in Hyderabad and Andhra Pradesh to trace the flow of crime money and uncover the full financial trail.
