Investigations by CID officials in Bhanu Kiran case revealed that he along with Mangali Krishna had purchased 200 acres land in Vijayawada. The land was purchased in the name of Hyderabad based Shouri Real Estates and other proxy names.

According to CID sources, Bhanu and Mangali Krishna threatened Vijayawada land owners using Suri's name and acquired 200 acres land at a very low cost. They use to pay @ 25000/ per acre and get the land registered in the name of Shouri Real Estates, Hyderabad. When inquired, it was found that Shouri Real Estates is a bogus company and no such company exists on the address given at Hyderabad. Bhanu also facilitated purchase of lands in Vijayawada for several Telugu film personalities. The police is very minutely probing every detail and it is expected that many more startling facts will come out soon.