The Income tax Department on Monday carried out a search and seizure action on a large network of individuals running the racket of entry operation and generation of huge cash through fake billing.<br />'' <br />''The search operations were conducted on 42 premises across Delhi- NCR, Haryana, Punjab, Uttarakhand and Goa.<br />'' <br />''The search has led to seizure of evidences exposing the entire network of the entry operators, intermediaries, cash handlers, the beneficiaries and the firms and companies involved.<br />'' <br />''So far, documents evidencing accommodation entries of more than Rs. 500 crore have already been found and seized.<br />'' <br />''Several shell entities and firms were used by the searched entry operators for layering of unaccounted money and cash withdrawals against fake bills issued and unsecured loans given.<br />'' <br />''The personal staff, employees and associates had been made dummy directors or partners of these shell entities and all bank accounts were managed and controlled by these entry operators.<br />'' <br />''<span style="color: #222222;">Statements of such entry operators, their dummy partners, the cash handlers as well as the covered beneficiaries have also been recorded clearly validating the entire money trail.</span><br />