Uttar Pradesh : How he became ‘Kubera of black money’, Piyush Jain told; How did the investigation reach Kanpur from Gujarat?
The story of the dark exploits of Piyush Jain, a perfume trader from Kanpur News in Uttar Pradesh, has now crossed the state border and has reached the country and abroad. About Rs 194.45 crore has been recovered in raids from the houses of perfume trader Piyush Jain in Kanpur (IT raid) and Kannauj. Apart from this, 23 kg of gold and 600 kg of sandalwood have also been found. Now the question arises that how did the perfume trader Piyush Jain get such a huge treasure, after all how did he become a kubera of black money. Piyush Jain had so much wealth that it took 5 days for the Directorate General of GST Intelligence (DGGI) officials to count him with the help of a machine. However, Piyush Jain himself has answered these questions. According to DGGI, Piyush Jain himself has confessed that the cash recovered from his houses was related to the sale of goods without paying tax.
How the team reached Piyush Jain?
According to the news agency ANI, some time ago the team of DGGI ie Directorate of GST Intelligence of Ahmedabad caught four trucks one by one during checking. After apprehending these four trucks operated by Ganpati Road Carriers, the agency found that pan masala and tobacco were being carried in them without paying GST. When the officials during investigation matched the actual stock available in the factory with the stock recorded in the record book and found shortage of raw material and finished products. This revealed that the manufacturer was involved in covertly concealing the goods with the help of the transporter, who used to issue fake invoices to manage the transportation of that goods. The officials got 200 such fake invoices.
The agency said that the makers of Shikhar brand pan masala/tobacco products have admitted that they have tax dues and deposited Rs 3.09 crore as tax. After this, when the investigation progressed, its direct connection was shown connecting to Kanpur. After this, the eyes of DGGI fell on Kanpur. After coming from Gujarat to Kanpur, he raided the Pan Masala Factory and Ganpati Transport in Transport Nagar. Meanwhile, the name of another partner of Shikhar Gutkhe came out in front of the officials, Odocam Industries and Piyush Jain is the owner of Odocam Industries. Taking action in the same way, the DGGI team reached Piyush Jain.
Where did the raid take place?
The DGGI team first raided the house of Piyush Jain in Anandpuri, Kanpur, from where about Rs 177 crore was found. After this, the team also raided Piyush Jain’s house in Kannauj. From there too, the team has got about Rs 18 crore. In this way, the team has got about Rs 194 crore in raids so far. It is believed that this is the biggest raid ever. Let us inform that about 19 machines were used to count bundles of notes at Piyush Jain’s house. Piyush Jain himself has admitted that he made so much money by evading tax.
Confession of Piyush Jain
According to news agency ANI, the statement of Piyush Jain has been recorded, in which he has confessed that the cash recovered from the residential premises pertains to the sale of goods without payment of GST. The evidence collected during the searches conducted in the last five days is being thoroughly probed to unearth tax evasion. Let us inform that Piyush Jain has been arrested under Section 67 of the CGST Act and has been sent to judicial custody for 14 days.
Who is Piyush Jain
Actually, Piyush Jain is a big perfume trader of Kannauj and Kanpur. Piyush was born in Kannauj and has a house there too. Jain is the owner of more than 40 companies and the surprising thing is that two of its companies are also present in the Middle East. There are also cold storage and petrol pumps along with Jain’s perfume factory in Kannauj. Piyush has made the head office of his companies in Mumbai and from here the perfume of his company is exported abroad. According to the information, Piyush also has a luxurious home in Mumbai.
