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UP basically basically based totally businessman Piyush Jain arrested for tax evasion

Reported By: | Edited By: DNA Web Crew |Provide: DNA webdesk |Updated: Dec 27, 2021, 08: 32 AM IST

Piyush Jain, a Kanpur-basically basically based totally businessman has been arrested within the case of evasion of Items and Companies Tax. He has been booked below Piece 69 of the Central Items and Companies Tax (CGST) Act.He came to gentle recently after a raid became conducted at his residence where the police found heaps of cash and repeat counting machines. The videos and photos from the incident in an instant went viral. Approximately, Rs 180 crore had been seized from his residence by the police. The Directorate General of GST Intelligence (DGGI) Ahmedabad also recovered Rs 10 crore money from his Ahmedabad manufacturing facility and attach. 

#WATCH | As per Central Board of Oblique Taxes and Customs chairman Vivek Johri, about Rs 150 crores had been seized within the raid, counting peaceable underway.Visuals from businessman Piyush Jain’s attach in Kanpur.— ANI (@ANI) December 24, 2021

The police also gathered unaccounted sandalwood oil, perfumes worth crores from Piyush Jain’s manufacturing facility in Ahmedabad. No longer most attention-grabbing this nonetheless raids had been applied at his assorted offices and godowns that became owned and operated by a transporter known as M/s Ganpati Boulevard Carriers in Kanpur. Piyush Jain became within the waste taken into custody by the GST Intelligence unit in Kanpur on Sunday, December 26. Reportedly, the police in Kanpur recovered money worth over Rs 150 crore as smartly as to gold and silver amounting to an overall restoration of almost Rs 257 crore.In the intervening time, addressing the folk of Prayagraj, Uttar Pradesh CM Yogi Aditynath alleged that Piyush Jain has connections with the Samajwadi Occasion. He talked about, “For the previous two-three days, continuous raids are being conducted on the premises of a person belonging to the SP. Rupees 257 crore in money and several other kilograms of gold and silver became recovered.”Alternatively, SP has denied any hyperlinks with Piyush Jain as of now. Samajwadi Occasion’s digital media coordinator, Manish Jagan Agarwal tweeted on Friday, “The raids at the rental of Shikhar Pan Masala Crew and fragrance trader Piyush Jain in Kanpur and the money recovered is a story of failure of demonetisation. The BJP and the media are defaming SP by forcibly linking Piyush Jain and Shikhar Pan Masala to SP. Piyush Jain has nothing to carry out with SP MLC Pumpi Jain.”He further talked about, “Since about a days within the past, earnings tax raids had been conducted on other folks linked to the SP. But, the govt.and the companies did now not get something. The folk of SP came out handsome. Hence, a aggravated BJP in an instant conducted a raid, and recovered money, and besides hatched a conspiracy to link their propaganda with the SP, and deceive the folk.”

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