The raids were condcuted at his two residences in Vidyanagar and two offices located near Chalukya circle on Race Court road, Lokayukta sources told PTI.
ATM cards belonging to Krishnappa and his two sons and various documents pertaining to their bank accounts were confiscated during the raids, the sources said.
The Lokayukta court had on January 16 ordered probe into the private complaint against Krishnappa, who represents Vijaynagar constituency in the city, for amassing wealth to the tune of about Rs 700 crore disproportionate to his known sources of income.
Lokayukta Special Court Judge N K Sudhindra Rao directed the Superintendent of Police Lokayukta, Bangalore Urban, to investigate into the complaint filed by city-based advocate H C Prakash and submit report to the court by February 18.
Prakash in the complaint filed on January nine against Krishnappa, his wife Priyadarshini Krishnappa, his two sons, Priya Krishna, MLA representing Govindrajnagar constituency, and Pradeep Krishna, alleged that they had amassed property to the tune of about Rs 700 crore, which was disproportionate to their known sources of income.
The complainant sought for action to be initiated under section 13 of the Prevention of Corruption.