The raid on Uttar Pradesh businessman Piyush Jain is not a case of mistaken identity, sources in the agency that investigates GST evasions said after the unearthing of heaps of unaccounted cash from his premises made national headlines.
The Directorate General of GST Intelligence seized over Rs 195 crore in cash, 23 kilograms of gold and sandalwood oil worth Rs 6 crore after conducting searches at several premises linked to businessman Piyush Jain in Kanpur and Ujjain.