<h1>Income Tax Raid Uncovers Rs. 250 Crore Fraud in Agro and Textile Sectors; Unaccounted Cash Seized, Further Probes Ongoing.</h1> The Income Tax Department conducted a search and seizure operation on July 5, 2022, targeting groups involved in agro and textile businesses and entry operations across 27 locations in Mumbai and Delhi NCR. The investigation revealed circular trading and stock market manipulation by a group's promoter, supported by stock brokers and a professional providing accommodation entries. Evidence showed unaccounted sales and bogus purchases exceeding Rs. 250 crore, with handwritten diaries corroborating cash transactions. Another group involved in providing accommodation entries through various entities admitted to arranging bogus loans and expenses. Unaccounted cash of Rs. 1.4 crore was seized, and further investigations are ongoing.