Besides the residence, the central agency also carried out raids at the office of Jinendra Kumar Jain, professor in department of commerce in Dr Harisingh Gour University at Sagar and two places in Bhopal, including the residence of his son Kaustubh Jain, the official added.
"During the raid at the residence of Jinendra Kumar, the sleuths recovered cash of Rs 22,000, 122 gram gold brick, one car and seven LIC policies," he said.
Besides, several documents relating to wealth he has acquired were also unearthed.
CBI also seized a key of his bank locker.
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Meanwhile, officials said altogether 44 persons were
arrested and 83 cases were lodged against persons indulging in illegal liquor trade across the state today.
The raids were conducted statewide on the directive of Secretary (Excise department), Avinash Kumar.
Large quantity of illicit liquor as well as foreign liquor were seized during the raids conducted against producers and traders involved in the trade, according to an official release here.
Eight persons managed to escape while 13 among the 44 arrested persons have been forwarded to jail.
About Rs 1.63 lakh have been recovered as penalty from them, he added.
