While, Dandamudi, a resident of Gunrock Enclave in Secunderabad invested Rs 10 crore, Ramchandran of Bengaluru had invested Rs 19.6 crore for Jagan's firms.
Ramacharan had said that when he met Rajasekhar Reddy in Dubai, Reddy had asked him to invest in his son's firms.
According to the first Information Report, Jagan was alleged by the CBI of laundering the bribe money by routing it through various individuals and firms. Jagan had also been alleged of receiving kickbacks from the companies, as reported in The Deccan chronicle.
Some other individuals have also invested money in Jagan's firms to the tune of Rs 60.3 crore, said sources. Meanwhile, Jagan's auditor V Vijay Sai Reddy was arrested by the CBI.