<h1>Benami property linked to listed pharmaceutical company reveals conduit purchases and undeclared cash transactions and seizure activity.</h1> Authorities conducted searches targeting an alleged benami purchase of 117 acres through a conduit company lacking real business activity; statements from nominal directors and buyers and a hawala operator implicate the listed company's Managing Director in funding and negotiating the sale, with an agreement to sell and cash receipt recovered. Investigations also allege a wrongful interest deduction by mischaracterising self-occupied property, and probe benami shareholdings and bogus purchases; cash, jewellery and several lockers have been seized or restrained.