<h1>Seat conversion corruption exposed, with agents, benami deposits and hawala transfers leading to seizures and ongoing financial probe.</h1> Searches revealed a scheme converting merit allotments into institutional/capitation seats via a dropout mechanism using agents and brokers, supported by written and audio evidence and admissions. Proceeds were handled in cash, routed through hawala and benami arrangements by depositing funds into employees' accounts and creating fixed deposits whose interest serviced trustees' loans; undisclosed real estate investments and seizures of unaccounted cash and deposits were recorded, with further financial investigation ongoing.