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of <h1>Income Tax Raids Uncover Rs. 2000 Crore Scam in Andhra Pradesh and Telangana; Shell Companies and Fake Invoices Exposed.</h1> The Income Tax Department conducted searches on February 6, 2020, across multiple locations including Hyderabad, Vijayawada, and Delhi, targeting three major infrastructure groups in Andhra Pradesh and Telangana. The operation uncovered over Rs. 2000 crore in unaccounted income, revealing a scheme involving bogus sub-contractors, over-invoicing, and false billing. Evidence such as documents, emails, and WhatsApp messages were seized, highlighting the use of non-existent entities to siphon funds. These entities, often shell companies, were linked to the main contractors. Additionally, unexplained cash and jewelry were confiscated, and suspicions of round-tripping funds through FDI were raised.
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