₹ 150 Crore (And Counting) Found At UP Businessman's Home In Tax Raid

Friday, 24 December 2021newsdesk

Raids at premises linked to Piyush Jain, a Kanpur businessman who is part of the perfume industry, have recovered ₹ 150 crore cash, so far, IT department sources said on Friday morning. Photographs from the raid showed two mountains of cash stuffed into two large wardrobes. The bundles were all wrapped in plastic covers and secured with yellow tape. In each photo there are over 30 such bundles visible.

New Delhi, 24 December 2021

As per news report of NDTV, Another photograph showed IT and GST officials squatting on a floral sheet spread in the middle of a room and surrounded by yet more piles of cash, and three note-counting machines. The total sum of money recovered is still being counted. The raids began on Thursday and are still going on, sources said. They are taking place in Kanpur in Uttar Pradesh, as well as Mumbai and Gujarat. The raids were initiated by GST (Goods and Services Tax) officials for tax evasion. After unearthing details, the IT, or Income Tax, Department was also roped in.

Source - NDTV