Share this
Uttar Prades: Kanpur Businessman arrested on Sunday after officials of Directorate General of GST Intelligence found 284 Cr which is ‘unaccounted cash’ in his home in Kannauj. The cash was found in the search by officials in a four-day search.
The businessman said that the cash was from selling 400kg gold received by his ancestors. In the raid, 250kg silver and 25kg gold are also found. Jain is arrested on Sunday for making multiple invoices in the name of fake firms and evasion of Income Tax.
Sources added that 9 drums of sandalwood oil were from the same residence and the cash was all in two thousand notes collected in shoe boxes. The Gold and Silver were found in a secret cellar in his Kannauj residence. The expert team was called from Lucknow to look for such secret vaults.
Piyush Jain is currently sent into Judicial Custody for 14 days.