Lucknow / Kanpur: Sleuth from the Directorate General of Ahmedabad from GST Intelligence (DGGI) finally arrested Kanpur Piyush Jain-based perfume traders on Sunday after the recovery of RS 284 Crore from Kanpur and Kananauj.
According to the DGGI source, the search that began on Friday, explored Rs 177 Crore from Anandnagar Jain’s house in Kanpur and RS 107 CRORE Cash which was not achieved from the Kannauj house.
The team consisting of 50 tax officials, consisting of units from above and Gujarat (Ahmedabad) were involved in search operations.
Privy source for probe said Jain was brought to a safe and questionable house for several hours.
A set of questions was submitted to him but he could not satisfy the researchers.
An officer who knew the probe said that Jain was arrested for avoiding taxes and made several invoices on behalf of fake companies.
The source said that during interrogation, Jain claimed that RS 284 cash crore recovered from his home was the money that accumulated after selling 400 kg of gold.
Piyush told the team that it was the money, said a senior DGGI official who was profitable in an investigation on Sunday.
The official added, “he (Piyush) then said, if you want, you can reduce income tax and restore the rest.” On the question of the source of money, he said that the ancestral gold of the house was around 400 kg, which he sold to small jewelry to get cash, the official said further.
According to the officer, because he was asked about the reason for the sale of gold, traders said that he had cash requirements for investment in business.
“Piyush said he sold gold in a batch, over the past few years, for small jewelry,” DGGI officers said.
“He was asked that he had not opened a new company in the past five years.
Businesses have not yet grown.
There are no new business plans or blueprints from new businesses, but gold is sold.
But he has no answer,” the official said.
Meanwhile, to investigate the truth of his claim, investigative officers were involved in destroying safes and walls.
His ancestral house in GST intelligence kannaja and income tax.
Oil nine ‘sandals’ drums have also been found here and RS 2,000 Notes bundles have been restored from a cardboard box.
Note the counting machine has also been found in the entrepreneur’s house.
Meanwhile, the resources of further information Raids are still in ancestral homes in the Chhipaiti area of Kannauj.
“At 4 o’clock in the afternoon on Friday night, the DGGI team, Ahmedabad, had entered the house with two sons of Pratyush and Priyansh entrepreneurs in the residence.
Since then, team members have been in the room,” said a further source and added, “this team So far cut around 15 cabinets, while 20 keys have been damaged.
Vault was broken down with a gas cutter.
So far, information is being accepted about the recovery of Rs 107 Crore from ancestral home.
“Meanwhile, the basement has also been found at Kannauj Piyush’s residence.
The investigation team also expressed concern some secret lockers on Piyush Jain’s home wall.
A team of architects and experts has been summoned from Lucknow to trace them.
During search, several diaries and bills were also found by officials.
It is said that there is mention to buy and sell raw materials from many companies.
With this, the team will now contact these companies and verify information recorded in bills and diaries.
It was said that the investigation team also contacted several people in the city because there had been panic among people related to the perfume business.
Watch Kanpur Entrepreneur Piyush Jain Arrested After Rs 300 Crore Cash Haul
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