<h1>Income Tax Raids Uncover Unexplained Assets and Dummy Companies in Bijnor Real Estate Group Investigation.</h1> The Income Tax Department initiated searches on October 28, 2020, targeting a real estate group in Bijnor, Uttar Pradesh, due to allegations of financial discrepancies. The group reportedly held large security premium reserves and liabilities but provided substantial loans to others, inconsistent with their sales figures. The search uncovered over Rs. 50 lakh in unexplained cash, 2.5 kg of unexplained jewelry, and evidence of dummy companies used for fund layering. Additionally, a group member's financial interests in a UK company and London property are under scrutiny. Incriminating documents and six bank lockers have been found, with investigations ongoing.