Kanpur43 minutes ago
Piyush Jain’s photo.
Income tax has received more than Rs 150 crore from the house of Kanpur-based perfumer Piyush Jain. Piyush Jain’s ancestral house is in Chhippatti locality of Sadar Kotwali area of Kannauj. The team of Director General GST Intelligence (DGGI) has taken Piyush’s son Pratyush to his Kannauj house. After questioning Pratyush, the investigating officers have also sealed his house in Kanrauj. Counting of notes has been completed in Kanpur’s house. From here 150 crore rupees have been filled in a container and sent to RBI.
On Thursday afternoon, the Income Tax Department team had raided Jain’s house. Notes filled in big cartons have been found at Piyush Jain’s house in Anandpuri area.
In the photographs that came out of the raid, it is seen that notes were kept in cartons in the cupboard. The entire cash was kept by making bundles of 500 rupees notes. These bundles were packed in such a way that they could be conveniently couriered anywhere.
Crores of rupees were recovered like this in the almirahs.
SBI employees called for cash counting
IT sources said that the amount was so high that till late night, they could count Rs 40 crore from 4 machines. The rest of the notes were counted during the day. Counting of notes went on for 16 hours.
These boxes have been called by Income Tax officials to fill notes.
40 companies of Piyush Jain
Piyush Jain has about 40 companies. Many shell companies are also included in this. Tax evasion has been done through these companies. Perfume is made in Kannauj and they have a showroom in Mumbai. From where perfumes are supplied in the country and abroad.
Connection found from the raid at Shikhar Pan Masala
GST and Income Tax raids were conducted at Shikhar Pan Masala on Wednesday. Sources said that during this time the IT team had received tips of tax evasion from Piyush Jain and betel nut trader KK Aggarwal. After this, the IT team raided the places of Piyush Jain and KK Agarwal on Thursday. No information could be found about what was recovered from Agarwal’s house.
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Fake invoices were also caught in trucks
According to the GST Department, during the raids conducted at the Shikhar Pan Masala factory, it was found that in order not to generate e-way bills, for this, fake invoices of less than 50 thousand rupees were made in the name of the fake firm. 200 fake invoices have also been recovered in 4 trucks parked with the transporter. On checking the stock in the factory, huge difference was found between raw material and finished goods.
Link of all three is coming in front
According to sources in the GST department, all the three businessmen are related to each other. Both the businessmen had become alert after the raid in Shikhar Pan Masala. However, after raiding both the businessmen together, the cash was recovered before disposing of it.
Piyush Jain’s big business has also spread in Kannauj
Piyush Jain is originally from Chhipatti in Kannauj. He also has a house, cold store, petrol pump and perfume factory there. The head office of the perfume factory is in Mumbai. In such a situation, the Mumbai team of Income Tax Department has simultaneously raided all the places of Kanpur, Mumbai and Kannauj. Piyush Jain also has 2 companies in the Middle East.
IT raids at Jain’s house: 100 crore loan from shell companies, 150 crore tax evasion documents found
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