Piyush Jain has been arrested following a raid at his premises.
Lucknow:
Kanpur businessman Piyush Jain has been arrested for evasion of Items and Companies Tax. Mr Jain not too long ago made headlines after photos of a raid at his premises displaying officers counting heaps of foreign money notes with word counting machines went viral not too long ago. Over Rs 250 crore in money have been seized from his residence and manufacturing facility in Kanpur and Kannauj thus far.
On Sunday, Directorate Common of GST Intelligence (DGGI) Ahmedabad recovered Rs 10 crore extra cash from the manufacturing facility and residence of fragrance businessman Piyush Jain, promotor of Odochem Industries of Kannauj district in Uttar Pradesh, official sources instructed ANI.
Unaccounted sandalwood oil, perfumes value crores have additionally been seized from Mr Jain’s manufacturing facility, sources stated.
When the Directorate Common of GST Intelligence (DGGI) and Native Central GST crew had reached Mr Jain’s premises on day one of many searches, he ran away and got here again after two hours on a number of calls by investigating officers, sources instructed information company ANI.
Raids have been additionally carried out at workplaces and godowns owned by a transporter – M/s Ganpati Highway Carriers, additionally in Kanpur – after which the motion shifted to Piyush Jain’s premises.
“That is the most important restoration within the historical past of the CBIC. No arrest has taken place thus far,” Vivek Johri, the Chairman of the Central Board of Oblique Taxes and Customs (CBIC), instructed information company ANI on Friday.
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