Piyush Jain, a perfume trader close to Akhilesh Yadav, was arrested on Sunday after seizing around Rs 200 crore in cash. On the first day of the income tax attack, 16 crore 45 lakh rupees was recovered from Jaini’s house for about 24 hours. Later, another Tk 10 crore in cash was recovered from his house and factory. The income tax and GST officials were shocked when so much cash was recovered.
It is known that Jains ‘fled’ from the beginning of Azkar attack. However, Jain returned home within two hours after receiving repeated phone calls from income tax officials. Seeing so much cash being recovered, the officials asked Piyush, ‘Where did all this money come from?’ In reply, Piyush Jain said, ‘There was 400 kg of gold in the house. That gold was the ancestral property. I got so much money by selling that gold. ‘ On hearing this, the officers laughed and turned away.
A team from the Central Board of Indirect Taxes and Customs raided the home of businessman Piyush, known to be close to Akhilesh, last week. Recently Piyush Jain brought a perfume called ‘Samajwadi Perfume’ in the market. After that he was accused of tax evasion. The search operation was carried out in the wake of that allegation. In that operation, the income tax officials confiscated a large amount of money. And then on Sunday Piyush Jain was arrested for tax evasion.
Apart from Jain’s house, the Income Tax Department also searched his factory, office, cold store and petrol pump. Apart from Kanpur, Piyush Jain’s residence in Mumbai was also searched extensively. According to sources, 40 organizations are registered in the name of Piyush Jain. 2 of which are in Middle Eastern countries. According to the investigation team, the businessman used to evade a lot of money by showing the name of the fake organization. Besides, there were allegations that business was being done with fake bills News that some documents have been found in that regard
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