A very shocking and unbelievable news has come out about a perfume business man Piyush Jain who also owns around 40 companies including cold store, petrol pump and perfume factory . A team of Directorate journal of GST intelligence 'DGGI' raided Piyush Jain's home in Kanauji where he lives with his family and found 150 crore rupee cash according to Hindustan news. The chairman of CBIC [central board of indirect taxes and customs] M. Ajit Kumar said that this is the biggest haul ever.
The very interesting fact is that to count the whole money several cash counting machines have been borrowed from SBI officials and it took 36 hours to complete it.
A picture of the counting money at home going viral on social media.
Who is Piyush Jain?Well he is a resident of Kanpur , Uttar Pradesh where he lives with his family but his original resident is Holi chowk in Kanauji. He is a very well-known trader of perfumes that are also exported. Mr. jain owns around 40 companies according to the sources . He has also a showroom in Mumbai.
How politics relate with the issue : Akhilesh YadavPiyush Jain came in limelight about a month ago when he launched a perfume named Samajwadi attar. The perfume has launched in the presence of Samajwadi party's leader Akhilesh Yadav .According to the sources he is very close to Akhilesh Yadav.
The perfume is launched on 9 november,2021 at the Headquarter of the party in Lucknow. The president of the party Akhilesh Yadav launched the perfume .Assembly elections are going on and now opposition is trying to blame Akhilesh Yadav that he has a connection with Piyush Jain but once again Akhilesh Yadav denied this claim by tweet it .
He said that raid is not linked with sp at all.
Well he is a resident of Kanpur , Uttar Pradesh where he lives with his family but his original resident is Holi chowk in Kanauji. He is a very well-known trader of perfumes that are also exported.
Mr. jain owns around 40 companies according to the sources . He has also a showroom in Mumbai.
How politics relate with the issue : Akhilesh YadavPiyush Jain came in limelight about a month ago when he launched a perfume named Samajwadi attar. The perfume has launched in the presence of Samajwadi party's leader Akhilesh Yadav .According to the sources he is very close to Akhilesh Yadav.
The perfume is launched on 9 november,2021 at the Headquarter of the party in Lucknow. The president of the party Akhilesh Yadav launched the perfume .Assembly elections are going on and now opposition is trying to blame Akhilesh Yadav that he has a connection with Piyush Jain but once again Akhilesh Yadav denied this claim by tweet it .
He said that raid is not linked with sp at all.
The perfume is launched on 9 november,2021 at the Headquarter of the party in Lucknow.
The president of the party Akhilesh Yadav launched the perfume .
Assembly elections are going on and now opposition is trying to blame Akhilesh Yadav that he has a connection with Piyush Jain but once again Akhilesh Yadav denied this claim by tweet it .
He said that raid is not linked with sp at all.
IT Raids: Transactions of Rs 850 cr linked to Akhilesh Yadav's close aides under scanner https://t.co/DrYuJPXnyH via @economictimesKANPUR RAID WAS 150 CRORES. THIS IS 850 CRORES. WOW!!!SO EXACT 1000 CRORES COMPLETED.JAI HIND— G.Venkata Seshaiah (@seshaiah_g) December 25, 2021
The raid is still going at house, offices , petrol pump , cold store in kanpur and Mumbai.
The money was related by fake invoices and without e-way bills.