Lucknow: Police have seized Rs 257 crore in cash in a raid on the house of Piyush Jain, a spice dealer in Kanpur. In addition, kilograms of gold and documents of various luxury items were found in the house. The money and documents were seized after a 120-hour raid.
Authorities say Piyush Jain has been arrested for tax evasion. Piyush’s arrest was recorded after 50 hours of questioning. CGST Authorities said his arrest was registered under Section 69 of the Act and a detailed investigation is ongoing.
Income Tax Department and GST The intelligence team also raided Piyush Jain’s house in Kanpur. It only took hours for the officers to count the money found in the house. In addition, kilograms of gold and documents of various properties were seized. The documents of 16 properties worth crores were found in the raid. Of these, four are in Kanpur itself. Seven properties are in Kannauj, two in Mumbai and one in Delhi, officials said. The inspection also found that there were two properties in Dubai.
Investigators found 18 lockers at Piyush’s home. A large set of keys containing 500 keys was also found. Attempts were made to open the lockers using several of these keys.
Meanwhile, his employee revealed that Piyush Jain was in Delhi when the officers arrived for the raid. All the family members were in Delhi for their father’s treatment. Only Piyush’s two sons were home at the time of the incident. Piyush Jain returned to Kanpur after being summoned by officials, national media reported, quoting a domestic worker.
Piyush Jain was known as a perfumer. His business was centered in Kanpur. Piyush has offices in Kannauj and Mumbai.
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