In the raids on Dhankuber Piyush Jain premises in Kanpur, cash of Rs 195 crore has been found, which is the most significant amount seized by any enforcement agency so far. At the same time, the team got 19 crore cash, 23 kg gold worth more than ten crore and sandalwood oil worth Rs 6 crore from Piyush Jain’s ancestral home in Kannauj.
The layers of Piyush Jain’s raised this pile of notes are now slowly opening up. When Piyush Jain’s company was defrauding the government by stealing GST, he could not have imagined that this game would end soon.
It has been learned that Piyush Jain, his company, was being tracked for the last two months. Zakir Hussain, Additional Director, Ahmedabad Intelligence Unit of GST, said that this entire raid was very challenging, and the case was been tracked for the last two months.
How to reach Piyush Jain in the hands of law
Earlier on Monday evening, the Finance Ministry had told that the Ahmedabad unit of Directorate General of GST Intelligence (DGGI) had conducted a search operation on 22 December. These raids were conducted at the Shikhar brand pan masala and tobacco products factory in Kanpur, offices and godowns of Ganpati Road Carriers in Kanpur, locations of Odochem Industries (suppliers of perfumery compounds) in Kanpur and Kannauj. This is Piyush Jain’s company.
Here the team checked four trucks of Ganpati Road Carriers. These trucks used to carry Shikhar’s pan masala and tobacco. But it was found that he had not paid GST. When the officers matched the stock in the factory with the stock written in the book, it came to light. There was a shortage of raw materials and finished products in Milan.
Further investigation revealed that the producer used to get the product secretly removed from the factory with the help of a transporter to save GST. For this, fake receipts were made. These fake receipts were made by the transporter only. The officers had got 200 such fake receipts.
The producer of Shikhar Pan Masala agreed to this and made a tax liability of 3.09 crores. After this, raids were conducted at the locations of Odochem Industries in Kanpur. In this, cash of Rs 177.45 crore was recovered and confiscated. This has been described as the biggest seizure ever made by CBIC officials.
Piyush’s son said – believe injustice.
Spot News 18 spoke to Piyush Jain’s elder son Pratyush. He said that I believe in the justice of the country. For the first time after Kannauj and Kanpur Raid, a member of the Jain family had given a statement. This statement came after the raids at the ancestral house in Kannauj were over. The team got 19 crore cash, 23 kg gold and sandalwood oil worth Rs 6 crore.
What is Gujarat Connection?
Actually, in Ahmedabad, their (peak) Tansen brand’s paan-masala used to come. About three months ago, under the supervision of DGGI Ahmedabad, a team started monitoring the company and its associated firms in Kanpur. After solid information about all the evidence and whereabouts, the team started the raid.
Then a mistake of the truck driver led to the country’s most significant CGST theft. In Gujarat, about three months ago, the GST department caught one truck, in which about 200 fake invoices were acquired with the goods carrying Shikhar Pan Masala. Since then, the Directorate General of GST Intelligence (DGGI) team has camped in Kanpur.
The truck caught in Gujarat with fake invoices and goods belonged to Ganpati transporter Praveen Jain. Praveen is the brother-in-law of Piyush Jain’s brother Amrish Jain. He has more than 40 firms to his name. Invoice in the name of Fake Firm – Shikhar Gutkha Pvt. Ltd. Address 51/47 was deducted from Nayaganj, Kanpur.