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Perfume Industrialist Piyush Jain Arrested Over Tax Evasion

Story Highlights
  • Piyush Jain's residence was allegedly linked to the dispatch of goods via fake invoices.
  • Officials reportedly recovered cash worth over Rs 150 crore in addition to gold and silver.
  • Jain has been booked under Section 69 of the Central Goods and Services Tax (CGST) Act.

Kanpur: Businessman Piyush Jain, whose premises were raided by central agencies, has been arrested on charges of tax evasion, a senior official said. The perfume industrialist is likely to be taken to Ahmedabad from Kanpur for further action, he said. Surendra Kumar, Joint Commissioner (Kanpur), Goods and Services Tax. on the night of December 26th that Piyush Jain has been arrested on charges of tax evasion.

Another official, pleading anonymity, said during a series of raids on the premises owned by Piyush Jain, cash worth over Rs. 257 crore, as well as gold and silver, was recovered. The money was allegedly linked to the dispatch of goods via fake invoices and without e-way bills by a goods transporter, he added.

On Sunday, a five-member team of the IT Department raided Piyush Jain’s ancestral home in Kannauj. Meanwhile, speaking at an election rally in Prayagraj on Sunday, Uttar Pradesh CM Yogi Adityanath alleged that Piyush Jain has links with the Samajwadi Party.

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