<h1>Income Tax Raid in Karnataka Uncovers Rs. 100 Crore Scheme in Education Sector, Real Estate Diversions Found.</h1> The Income Tax Department conducted searches on a business group in Karnataka on October 9, 2019, uncovering a scheme to convert merit-based educational seats into institutional quota seats through a dropout system. Evidence revealed commission payments to brokers, sale of seats for cash, and diversion of funds for real estate purchases. Unaccounted cash totaling Rs. 4.22 crore was found, including Rs. 89 lakh at a trustee's residence. Fixed deposits worth Rs. 4.6 crore in employees' names were seized, linked to trustees' loan repayments. Undisclosed income of about Rs. 100 crore was detected, with ongoing investigations.