₹300-Crore Pulse Trade Scam: Income Tax raids 25 locations in twin states

Hyderabad: The Income Tax Department on Tuesday launched large-scale search operations across Andhra Pradesh and Telangana in connection with a ₹300-crore dal trade scam.

According to sources, simultaneous raids are being carried out at approximately 25 locations, including Hyderabad, Guntur, Vijayawada, Kurnool, and Visakhapatnam.

Officials allege that several trading firms carried out massive cash transactions during the previous government’s tenure. The investigation also uncovered evidence of substantial cash withdrawals made during the 2024 election period.

Preliminary findings suggest that multiple companies obtained permits from the Civil Supplies Department for pulse supply but failed to deliver the goods.

Earlier, IT officials had conducted searches at Hindustan Traders in Visakhapatnam and the WeCare Group in Kurnool in connection with the same case. The ongoing raids are expected to reveal the extent of financial irregularities involved in the alleged dal trading scam.