Piyush Jain Kanpur raid: Rs 195 crore money, Dubai property paperwork seized in 120-hour-long raid


Piyush Jain Kanpur raid: Paperwork pertaining to 16 costly properties had been seized through the raid at Kanpur fragrance dealer Piyush Jain’s home that lasted over 120 hours. Two of the properties have been traced in Dubai.

Stacks of notes seized by Income Tax officials from Piyush Jain's residence in Kanpur during a raid (PTI)

Stacks of notes seized by Revenue Tax officers from Piyush Jain’s residence in Kanpur throughout a raid (PTI)

Paperwork pertaining to 16 costly properties had been discovered through the raid at Kanpur fragrance dealer Piyush Jain’s home. 4 of those properties are in Kanpur, 7 in Kanauj, 2 in Mumbai, and 1 is in Delhi. Two properties have been traced in Dubai.

Along with the money and property papers, a number of kilograms of gold was additionally seized from Piyush Jain’s home.

ALSO READ | Kanpur-based businessman Piyush Jain arrested on prices of tax evasion

Kanpur-based businessman Piyush Jain was arrested on prices of tax evasion. Jain was booked underneath Part 69 of the Central Items and Providers Tax (CGST) Act. Piyush Jain was arrested after an investigation that lasted over 120 hours. He was interrogated for almost 50 hours earlier than being positioned underneath arrest.

Final week, a joint group of the Revenue Tax division and the Directorate Basic of GST Intelligence (DGGI) performed a raid at Piyush Jain’s Kanpur home and located Rs 195 crore in money.

WATCH | Kanpur raid: Container used to hold Rs 150 crore recovered by tax officers

The cops have discovered 18 lockers in a cellar at Piyush Jain’s ancestral home in Kanauj. They’ve additionally discovered a bunch of round 500 keys, which they’re making an attempt to make use of to open the locker. In line with sources, regardless of his huge property, he used outdated and dilapidated automobiles to keep away from tax sleuths.

His home assist advised Aaj Tak that on December 22, when the joint group of the Revenue Tax division and DGGI officers arrived at his place in Kanpur, Piyush Jain was in Delhi. “The entire household had gone to Delhi for his father’s remedy. Solely his two sons had been current at house,” the home assist mentioned. Jain returned after the investigating officers known as him.

Piyush Jain’s youthful brother had gone to Jharkhand along with his household.

Piyush Jain used to conduct his enterprise at Kanpur’s Ittarwali Gali, recognized for fragrance commerce. He has workplaces in Kannauj, Kanpur and Mumbai. Through the Kanpur raid, the Revenue Tax Division additionally discovered round 40 corporations via which Jain would conduct his enterprise.

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