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.
UP based businessman Piyush Jain arrested for tax evasion - The police also gathered unaccounted sandalwood oil, perfumes worth crores from Piyush Jain s factory in Ahmedabad.
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.
Businessman Piyush Jain has been arrested days after unaccounted cash to the tune of Rs 150 crore was recovered from his home in Kanpur during a raid by multiple agencies.