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Tonnes of documents, 120 hard disks and 50 diaries containing information related to bogus transactions have been recovered during the raids
Shares of Uflex India tumbled 15 per cent to Rs 366 on the BSE in Monday's intra-day trade
According to several media reports, the Income Tax department was conducting a raid at the office of Uflex in Noida, alleging that the company has issued several bogus bills