Kanpur: At least Rs 150 crore recovered in income tax raid on businessman's house
Kanpur: At least Rs 150 crore recovered in income tax raid on businessman's house
Authorities in the Indian state of Uttar Pradesh's Kanpur city have recovered about Rs 150 crore from a businessman's house. Officials say the count is ongoing and only after that will it be possible to know the total amount received from the house.
The Central Board of Taxes and Customs (CBIC) on Thursday raided the homes, offices and factories of perfume trader Piyush Jain in Kanpur and seized about Rs 150 crore in cash from his house so far, according to officials. Has been done and the counting of notes is still going on.
CBIC chairman Vivek Johri said he would be able to confirm the total amount recovered only after the counting of notes was completed.
Income tax departments and customs officials in India are conducting raids in the state of Uttar Pradesh ahead of Assembly elections in February-March next year. The operation in Kanpur has not only sparked controversy in political circles but has also taken the common man by surprise.
According to officials, they raided Piyush Jain's factory and residence in Kanpur. Apart from this, various teams have also raided his house, factory, his office, cold storage and petrol pump in Gujarat.
CBI Chairman Vivek Johri claimed that it was a case of fake bills and credit cards.
Who are Piyush Jane?
Piyush Jain is a resident of Kanuj in Kanpur. He has a house, a perfume factory, a cold storage and a petrol pump in Kannauj.
He also owns a house and a showroom in Mumbai. His companies are also registered in Mumbai.
According to officials, Piyush Jain owns about 40 companies, two of which are in the Middle East. Although they are primarily known as perfume merchants.
Allegations of forged receipts and fraud
Vivek Johari said he had received information that Piyush Jain's companies were transacting goods without receipts and without paying taxes.
The ANI news agency quoted officials as saying that no arrests had been made so far.
According to the information received so far, several fake receipts have also been recovered from Piyush Jain's house.
Prior to the raid on Piyush Jain's house, the CBIC had taken action against a paan spice trader and from there they got information about Piyush Jain after which the action was taken.
According to the information, the help of SBI officials is being sought for the counting of notes, after which the correct information of the total amount will be available. Authorities are using machines to count the not
Alleged to belong to political party Samajwadi Party
In some reports, Piyush Jain is also said to be close to Samajwadi Party president Akhilesh Yadav.
The Samajwadi Party has been targeted while tweeting from BJP's Twitter handle in Uttar Pradesh.
Samajwadi Party media consultant Ashish Yadav has denied this in a tweet.
He wrote that the raid on a businessman's property in Kanpur had nothing to do with the Samajwadi Party nor did it have anything to do with perfume makers.
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