Kanpur businessman Piyush Jain has been arrested for evasion of Goods and Services Tax. Mr Jain recently made headlines after pictures of a raid at his premises showing officials counting heaps of currency notes with note counting machines went viral recently. Over ₹ 250 crore in cash have been seized from his home and factory in Kanpur and Kannauj so far.
On Sunday, Directorate General of GST Intelligence (DGGI) Ahmedabad recovered ₹ 10 crore more cash from the factory and residence of perfume businessman Piyush Jain, promotor of Odochem Industries of Kannauj district in Uttar Pradesh, official sources told.
Unaccounted sandalwood oil, perfumes worth crores have also been seized from Mr Jain’s factory, sources said.
When the Directorate General of GST Intelligence (DGGI) and Local Central GST team had reached Mr Jain’s premises on day one of the searches, he ran away and came back after two hours on several calls by investigating officers, sources told.
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